![\"MediaMath\"](\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/MediaMath.jpg\")
<\/a>MediaMath has signed a 15-year, 106,000-square-foot lease at 4 World Trade Center, becoming the 72-floor tower\u2019s first private-sector tenant.<\/p>\nThe rent was not disclosed, but various published reports list the asking rent in the neighborhood of the mid-$70s a square foot. Reports also show that MediaMath received $5.8 million in incentives\u00a0through the federally funded Job Creation and Retention Program\u00a0offered jointly by\u00a0Empire State Development\u00a0and\u00a0Economic Development Corporation.<\/p>\n
\u201cMediaMath has been blessed with outstanding growth over the past seven years, which is a testament to the market\u2019s need for a transformation in digital marketing through software, and the service that makes it work for you,\u201d Joe Zawadzki, the company\u2019s CEO, said in a company release. \u201cWe want that software to be on the desktops and tablets of every professional marketer in the world; we worked hard to find a property and a developer that matched the scope of our vision.\u201d<\/p>\n
With the new lease, the global technology company will consolidate its more than 300 city-based employees from three Midtown locations into the 44th, 45th, and 46th floors of the building when it moves into the tower in early 2015.<\/p>\n
Other companies that have made lease commitments to 4 World Trade Center recently include blue-chip tenants such as Cond\u00e9 Nast, Moody\u2019s, GroupM, BMI, Omnicom, WilmerHale, Fast Company and Inc. magazines.<\/p>\n
According to figures released by the Downtown Alliance, 511 firms have moved to Lower Manhattan since 2005, leasing a total of 12.3 million square feet and 226 of those companies have been in creative or professional services, taking 51 percent of the space leased.<\/p>\n
\u201cOver the past several years, Lower Manhattan has seen a surge of 5 million square feet of relocations,\u201d Jessica Lappin, Alliance for Downtown New York\u2019s president said in the release. \u201cMediaMath\u2019s move from Midtown is one more piece of evidence showing that the gravity of Lower Manhattan is only growing.\u201d<\/p>\n
Lease negotiations for MediaMath were handled by a CBRE team, led by Harly Stevens and Mike Rizzo.\u00a0 Jeremy Moss, Director of World Trade Center Leasing for Silverstein Properties, together with the CBRE agency team including Mary Ann Tighe, Steve Siegel, Ken Meyerson and Evan Haskell led the negotiations for the landlord.<\/p>\n
\u201cMediaMath\u2019s decision to relocate to 4 WTC proves that New Yorkers were right to bet on Downtown. The new World Trade Center is emerging as the commercial heart of the city\u2019s hottest neighborhood,\u201d Larry Silverstein, Silverstein Properties\u2019 chairman, said in the release. \u201cI am thrilled to welcome MediaMath, which represents the technology, advertising, media and information companies driving the City\u2019s new economy and Downtown\u2019s future.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
MediaMath has signed a 15-year, 106,000-square-foot lease at 4 World Trade Center, becoming the 72-floor tower\u2019s first private-sector tenant.<\/p>\n","protected":false},"author":451,"featured_media":1004100915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,11,21742,10,21747],"tags":[],"class_list":["post-1004100912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-midatlantic","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"\n
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