Fintech Company Moves to 3 WTC from 4 WTC
Hudson River Trading will stay at the World Trade Center, leasing 136,000 square feet at their new offices.
NEW YORK CITY—Hudson River Trading signed a 15-year lease at Silverstein Properties’ 3 World Trade Center. The 136,000 square-foot lease spans four levels from the 74th through 77th floors. On the 76th floor, it includes a private, 5,000 square-foot outdoor terrace, which the landlord heralds as the city’s highest at 935 feet above the ground.
Asking rents in the building are in the $80s per square foot.
The fintech company is moving its headquarters from the 57th and 58th floors of 4 World Trade Center. Hudson River Trading states that it expects to continue to grow. The company develops automated trading algorithms and trades equities, futures, options, currencies and fixed-income in over 50 markets worldwide. Gensler architects had designed the company’s space in 4 WTC and the tenant re-hired them for their new space in the neighboring tower.
“It’s so exciting to see companies such as Hudson River Trading grow and move within the World Trade Center,” says Silverstein Properties chairman Larry Silverstein. “This is the most accessible place in New York, and a major draw for the city’s top talent.”
GroupM has signed a lease for approximately 700,000 square feet in 3 WTC.
Jeremy Moss, director of World Trade Center leasing for Silverstein Properties, led the negotiations for the landlord, with CBRE’s Mary Ann Tighe, Ken Meyerson, Evan Haskell, David Caperna, Adam Foster, Steve Eynon and Rob Hill. CBRE’s Sacha Zarba and Chris Corrinet represented Hudson River Trading.
“Downtown is where Wall Street meets Silicon Alley. Lower Manhattan has always been the international capital of finance, but over the past 10 years, the neighborhood has completely transformed, attracting nearly 1,000 TAMI (technology, advertising, media, information services) companies from start-ups to established brands,” says Moss. “Now these sectors are merging and Lower Manhattan is becoming the fintech center of America. Hudson River Trading joins many other great fintech companies at the World Trade Center.”