{"id":1004030629,"date":"2011-07-01T06:40:38","date_gmt":"2011-07-01T14:40:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004030629"},"modified":"2022-12-07T23:05:37","modified_gmt":"2022-12-08T07:05:37","slug":"manhattans-worldwide-plaza-scores-900000-sf-office-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/manhattans-worldwide-plaza-scores-900000-sf-office-lease\/","title":{"rendered":"Manhattan&#8217;s Worldwide Plaza Scores 900,000-SF Office Lease"},"content":{"rendered":"<p>June 30, 2011<br \/>\nBy Barbra Murray, Contributing Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/Worldwide-Plaza.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004030630\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/manhattans-worldwide-plaza-scores-900000-sf-office-lease\/worldwide-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/Worldwide-Plaza.jpg\" data-orig-size=\"677,1024\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Worldwide Plaza\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/Worldwide-Plaza.jpg?w=677\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/Worldwide-Plaza.jpg\" alt=\"\" title=\"Worldwide Plaza\" width=\"198\" height=\"300\" class=\"alignright size-medium wp-image-1004030630\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/Worldwide-Plaza.jpg 677w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/Worldwide-Plaza.jpg?resize=198,300 198w\" sizes=\"auto, (max-width: 198px) 100vw, 198px\" \/><\/a><\/p>\n<p>The Manhattan office market is making a big comeback. Just one month after mega-publisher Cond\u00e9 Nast pre-leased 1 million square feet at the new World Trade Center development, financial services company Nomura Holding America Inc. has signed a deal for 900,000 square feet of office space at Worldwide Plaza. The deal marks the largest new lease in midtown Manhattan since 2004. <\/p>\n<p>Nomura Inc. will set up shop on 20 floors of the 1.8 million square-foot, mixed-use complex along Eighth Ave. in midtown Manhattan, taking up 10 presently unoccupied floors and another 10 that will be vacated by Universal Music Group come year\u2019s end. The lease agreement paves the way for the relocation and expansion of Nomura\u2019s headquarters. The company\u2019s current digs consist of 500,000 square feet at 2 World Financial Center, in addition to approximately 45,000 square feet at 277 Park Ave.<\/p>\n<p>Commercial real estate services firm Cushman &amp; Wakefield represented Nomura in the 20-year lease agreement with the owner of the Skidmore, Owings &amp; Merrill-designed building, WWP Office L.L.C., a partnership DRA Advisors, George Comfort &amp; Sons amd RCG Longview. The group has owned the asset since taking it off the hands of Deutsche Bank for roughly $600 million in 2009. With Nomura\u2019s commitment, the 11-year-old property is now 95 percent leased.<\/p>\n<p>It\u2019s been a good year for Manhattan\u2019s office market so far, and it just keeps getting better. During the first quarter, office leases totaled 7.6 million square feet, marking the highest level of new leasing activity since the third quarter of 2006 when new leasing activity totaled 8.4 million square feet. Major transactions included the City of New York\u2019s lease of approximately 620,000 square feet at Four World Trade Center and LF USA Capital Inc.\u2019s 480,000 square-foot commitment at 350 Fifth Ave. <\/p>\n<p>And the current vacancy rate offers yet more evidence of the city\u2019s increasing strength. \u201cAt 10 percent, the Manhattan vacancy rate was at its lowest level in two years and stood 1.6 percentage points below the peak level of a year ago,\u201d as per the report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just one month after mega-publisher Cond\u00e9 Nast pre-leased 1 million square feet at the new World Trade Center development, financial services company Nomura Holding America Inc. has signed a deal for 900,000 square feet of office space at Worldwide Plaza. The deal marks the largest new lease in midtown Manhattan since 2004. <\/p>\n","protected":false},"author":936,"featured_media":1004030630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,10,21747],"tags":[],"class_list":["post-1004030629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Manhattan&#039;s Worldwide Plaza Scores 900,000-SF Office Lease - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/manhattans-worldwide-plaza-scores-900000-sf-office-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manhattan&#039;s Worldwide Plaza Scores 900,000-SF Office Lease\" \/>\n<meta property=\"og:description\" content=\"Just one month after mega-publisher Cond\u00e9 Nast pre-leased 1 million square feet at the new World Trade Center development, financial services company Nomura Holding America Inc. has signed a deal for 900,000 square feet of office space at Worldwide Plaza. The deal marks the largest new lease in midtown Manhattan since 2004.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/manhattans-worldwide-plaza-scores-900000-sf-office-lease\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-07-01T14:40:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T07:05:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/Worldwide-Plaza.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"677\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/manhattans-worldwide-plaza-scores-900000-sf-office-lease\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/manhattans-worldwide-plaza-scores-900000-sf-office-lease\/\",\"name\":\"Manhattan's Worldwide Plaza Scores 900,000-SF Office Lease - 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