Dixon Hughes Goodman Moves from 4 WTC to 3 WTC
The accounting firm is staying in the World Trade Center, having first leased in Silverstein’s flexible space at 7 WTC in 2014.
NEW YORK CITY—Dixon Hughes Goodman continues to expand in Manhattan moving three times but staying at the World Trade Center. The global accounting firm has just signed a 12,000-square-foot lease at 3 World Trade Center. The asking rents in the building are in the $80s per square foot.
The lease begins on November 1, and the tenant plans to move into their new location in Q4 2019. They won’t have to move far as they are sticking with the Silverstein Properties development. In July 2014, DHG leased 2,000 square feet at 7 World Trade Center’s Silver Suites, Silverstein’s co-working and flexible space. In July 2015, they grew and moved into 5,023 square feet at 4 World Trade Center. Now, the company, which is one of the top 20 accounting firms in the US, plans to relocate to the complex’s most recently constructed office tower at 3 World Trade Center.
“As current tenants at 4 World Trade Center, this move presented a fantastic opportunity to continue to operate within the WTC complex and steadily grow our business,” says Jared Forman, the New York office managing partner at DHG. He says the advance of his firm’s office and the WTC complex have “remained in sync over the past few years which is a testament to the hard work of all those involved. We are thrilled to be a part of the continued evolution of this amazing city.”
Silverstein Properties tells GlobeSt.com that 3 World Trade Center is over 50% leased and 4 World Trade Center is 100% leased.
In this most recent lease, Jeremy Moss and Camille McGratty of Silverstein Properties, led negotiations for the landlord, along with CBRE’s Mary Ann Tighe, Steven Siegel, Adam Foster, Steve Eynon, Evan Haskell, David Caperna, Ken Meyerson and Rob Hill. CBRE’s Rob Wizenberg represented DHG with Charles A. Alt providing in-house legal counsel.
The accounting firm is not alone in its moving but staying at the site. In January, Hudson River Trading moved from 69,000 square feet at 4 World Trade Center to 135,000 square feet at 3 World Trade Center. The stock exchange IEX in 2013 started with 3,600 square feet at 7 World Trade Center, then moved to 13,000 square feet at 4 World Trade Center in 2015. Last year, IEX moved to 45,000 square feet at 3 World Trade Center.
GroupM at 3 WTC and Spotify at 4 WTC have expanded their leases. Other recently announced deals include Zola signing a 40,000-square-foot lease at 7 WTC. At 3 WTC, transactions in 2019 include Better.com leasing 44,000 square feet; Casper signing on for 70,000 square feet; and Diageo inking an 87,000-square-foot lease.