3 World Trade Secures New 180K-SF Lease
Law firm Freshfields Bruckhaus Deringer US LLP has signed a 15-year lease at the property, which will serve as its new New York headquarters.
NEW YORK, NY – Real estate development, investment and management firm Silverstein Properties has secured a 180,000-square-foot, 15-year lease at its 3 World Trade Center office property in Manhattan with the global law firm Freshfields Bruckhaus Deringer US LLP.
The law firm will move from its current New York office at 601 Lexington Ave. in Midtown to the lower Manhattan property in early 2024. Freshfields will occupy floors 51 through 54 at 3 World Trade, which will serve as its new headquarters. The firm is currently working with Gensler to design the four-floor office space.
As the World Trade Center campus’ newest office building, 3 World Trade Center, which opened in June 2018, serves as New York City’s fifth tallest tower. The LEED Gold certified building is currently occupied by tenants including WPP/GroupM, Uber, McKinsey, Diageo, Hudson River Trading and IEX.
The building features an outdoor terrace on the 17th floor, and it offers tenants amenties such as a hospitality program that provides premier hotel-quality services and an on-site and app-accessible concierge for access to neighborhood perks, daily fitness classes and monthly social events.
Freshfields’ newly-leased space will support its continued expansion in the US. During the past three years, the firm has hired more than 200 lawyers across its offices in Washington D.C., Silicon Valley and New York.
“We are nothing short of thrilled to announce these plans,” says Olivia Radin, Freshfields’ New York office managing partner. “3 World Trade Center is one of the most technologically advanced, sustainable and transit-oriented buildings in the country. The space in this impressive tower will match the excellence that Freshfields delivers for our people and our clients every day.”
“I am delighted to welcome Freshfields to the World Trade Center and to Lower Manhattan,” says Larry A. Silverstein, chairman of Silverstein Properties. “This neighborhood has proven itself time and time again as one of the best places in the country to live, work and visit.”
Silverstein Properties EVP Jeremy Moss led the lease negotiations on behalf of the landlord, alongside a CBRE team consisting of Mary Ann Tighe, Ken Meyerson, Adam Foster, Evan Haskell, Steve Eynon, Caroline Merck and Rob Hill. For the transaction, Freshfields was represented by Savills’ Tri-State president David J. Goldstein and senior managing director Jarod Stern, along with Savills’ New York City consulting group.