NEW YORK CITY—Another media tenant has signed onto One World Trade Center—and this time, the occupier is a firm that caters to the millennial generation.
The Durst Organization and the Port Authority of New York and New Jersey have signed a 36,000-square-foot lease with the news outlet Mic for the entire 82nd floor of One World Trade Center. The property is now 67% leased.
Durst was represented in-house on the transaction by Eric Engelhardt, VP of leasing at One World Trade Center, and by a Cushman & Wakefield team led by Tara Stacom executive vice chairman that included Justin Royce, Barry Zeller, Connor Daugstrup, and Peter Trivelas. MIC was represented by Transwestern's offices here.
Founded in 2011, Mic is a media company providing original stories, analysis, and video largely geared toward millennial audiences. The firm reaches more than 30 million people each month. Mic's editors, reporters, producers, designers and engineers cover such topics as news, policy, technology, pop culture, science, relationships, identities, music, arts and world events. Mic will officially move into the building in July 2016.
“We're thrilled to be moving Mic's headquarters into such an important New York City landmark,” says Dan Figenshu, SVP, finance, Mic. “One World Trade is a symbol of the reinvigoration of Downtown Manhattan and we're honored and excited to be a part of the building that represents the future.”
Adds Engelhardt, “With the arrival of this fast-growing media company, One World Center's tenant base continues to mirror the diversity of firms populating Lower Manhattan today. One World Trade Center offers work settings that inspire creativity, leading Downtown's transformation into a dynamic center for a spectrum of emerging and well-established businesses alike.”
“Mic's dynamic character is a perfect match for the spirit and high energy of tenants taking space at this world-famous tower,” declares Stacom. “This company has rapidly made its mark in contemporary journalism, and it will fit well with the growing number of media companies that have been establishing operations in Lower Manhattan in recent years.
“Mic's innovative spirit and unique voice is shaping the future of media,” declares Transwestern's Rory Murphy. “One World Trade Center presents the company with an opportunity to grow its brand and presence in Lower Manhattan.”
One World Trade Center now includes a roster of 26 tenants representing such business sectors as media, technology, financial services, advertising and biotechnology.
The building offers a specialized prebuilt/build-to-suit program that has been popular among tenants. The Durst Organization has set aside a total of 212,420 square feet on the 45th, 46th, 47th, 83rd and 84th floors to accommodate smaller-space tenants from a range of sectors.
Suites feature a variety of layouts and high-end finishes, and are available in sizes of 3,000 square feet and larger. The program has now leased out a total of 160,000 square feet, or 75% of the five floors.
Among the property's largest tenants, global publishing giant Condé Nast, the anchor tenant—and arguably the firm that started the Downtown migration by media companies—has 1.2-million-square-foot headquarters.
The Durst Organization and the Port Authority of
Durst was represented in-house on the transaction by Eric Engelhardt, VP of leasing at One World Trade Center, and by a Cushman & Wakefield team led by Tara Stacom executive vice chairman that included Justin Royce, Barry Zeller, Connor Daugstrup, and Peter Trivelas. MIC was represented by Transwestern's offices here.
Founded in 2011, Mic is a media company providing original stories, analysis, and video largely geared toward millennial audiences. The firm reaches more than 30 million people each month. Mic's editors, reporters, producers, designers and engineers cover such topics as news, policy, technology, pop culture, science, relationships, identities, music, arts and world events. Mic will officially move into the building in July 2016.
“We're thrilled to be moving Mic's headquarters into such an important
Adds Engelhardt, “With the arrival of this fast-growing media company, One World Center's tenant base continues to mirror the diversity of firms populating Lower Manhattan today. One World Trade Center offers work settings that inspire creativity, leading Downtown's transformation into a dynamic center for a spectrum of emerging and well-established businesses alike.”
“Mic's dynamic character is a perfect match for the spirit and high energy of tenants taking space at this world-famous tower,” declares Stacom. “This company has rapidly made its mark in contemporary journalism, and it will fit well with the growing number of media companies that have been establishing operations in Lower Manhattan in recent years.
“Mic's innovative spirit and unique voice is shaping the future of media,” declares Transwestern's Rory Murphy. “One World Trade Center presents the company with an opportunity to grow its brand and presence in Lower Manhattan.”
One World Trade Center now includes a roster of 26 tenants representing such business sectors as media, technology, financial services, advertising and biotechnology.
The building offers a specialized prebuilt/build-to-suit program that has been popular among tenants. The Durst Organization has set aside a total of 212,420 square feet on the 45th, 46th, 47th, 83rd and 84th floors to accommodate smaller-space tenants from a range of sectors.
Suites feature a variety of layouts and high-end finishes, and are available in sizes of 3,000 square feet and larger. The program has now leased out a total of 160,000 square feet, or 75% of the five floors.
Among the property's largest tenants, global publishing giant Condé Nast, the anchor tenant—and arguably the firm that started the Downtown migration by media companies—has 1.2-million-square-foot headquarters.
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