{"id":1004144338,"date":"2016-05-19T00:01:53","date_gmt":"2016-05-19T08:01:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004144338"},"modified":"2020-05-17T22:55:05","modified_gmt":"2020-05-18T06:55:05","slug":"morningstar-makes-its-way-downtown-to-4-world-trade-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/morningstar-makes-its-way-downtown-to-4-world-trade-center\/","title":{"rendered":"Morningstar Makes its Way Downtown to 4 World Trade Center"},"content":{"rendered":"<p>By Gail Kalinoski<\/p>\n<div id=\"attachment_1004144340\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/4WTC_from_Greenwich_original.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004144340\" data-attachment-id=\"1004144340\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/morningstar-makes-its-way-downtown-to-4-world-trade-center\/4wtc_from_greenwich_original\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/4WTC_from_Greenwich_original.jpg\" data-orig-size=\"1400,1124\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1371032471&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;28&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"4WTC_from_Greenwich_original\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/4WTC_from_Greenwich_original.jpg?w=1024\" class=\"wp-image-1004144340 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/4WTC_from_Greenwich_original.jpg\" alt=\"4 World Trade Center, New York\" width=\"300\" height=\"241\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/4WTC_from_Greenwich_original.jpg 1400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/4WTC_from_Greenwich_original.jpg?resize=300,241 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/4WTC_from_Greenwich_original.jpg?resize=768,617 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/4WTC_from_Greenwich_original.jpg?resize=1024,822 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004144340\" class=\"wp-caption-text\">4 World Trade Center, New York<\/p><\/div>\n<p><strong>New York<\/strong>\u2014<a href=\"https:\/\/www.morningstar.com\/\" rel=\"nofollow\" target=\"_blank\">Morningstar Inc.<\/a>, an investment research and reporting firm, has quadrupled its space in Manhattan with its move to new quarters in 4 World Trade Center.<\/p>\n<p>The company, which had been renting 7,500 square feet at 1065 Sixth Ave. in the Bryant Park area, has a 10-year lease for 30,000 square feet on the 48<sup>th<\/sup> floor of the 72-story skyscraper in Downtown Manhattan. The Chicago-based firm said the additional space for its New York office and headquarters was needed to accommodate its East Coast clients and growing credit ratings business. It has more than 60 employees in the New York office, where most of them work for Morningstar Credit Ratings LLC, a subsidiary of Morningstar Inc., and an emerging player in the ratings industry.<\/p>\n<p>\u201cOur new office demonstrates our growth and commitment to being closer to many of our clients who call New York home,\u201d Joe Mansueto, Morningstar chairman &amp; CEO, said in a prepared statement. \u201cWe\u2019re thrilled to expand our footprint by leasing such a beautiful space. After an extensive search, we chose 4 World Trade because we love the building\u2019s design.\u201d<\/p>\n<p>The company <a href=\"https:\/\/www.commercialsearch.com\/news\/morningstar-to-move-nyc-office-to-4-wtc\/\" target=\"_blank\">announced in September 2014<\/a> that it was making the move downtown to one of the World Trade Center buildings owned by Silverstein Properties. Morningstar\u2019s decision to lease space at 4 WTC came two months after MediaMath <a href=\"https:\/\/www.commercialsearch.com\/news\/mediamath-signs-15-year-lease-in-downtown-nyc\/\" target=\"_blank\">signed a 15-year lease<\/a> for 106,000 square feet on the 44<sup>th<\/sup> through 46<sup>th<\/sup> floors. MediaMath, a global technology company, was the first private sector firm to sign on for space at 4 WTC, where the main tenants are the Port Authority of New York &amp; New Jersey (600,000 square feet) and the City of New York (600,000 square feet). Construction on the $700 million skyscraper began in 2008 and it opened in November 2013. The 2.5 million-square-foot tower has 2.3 million square feet of office space and about 400,000 square feet of retail at the street level and in the underground concourses that lead to the subway lines and PATH trains.<\/p>\n<p>The 977-foot-tall tower was designed by famed Japanese architect Fumihiko Maki and has a geometric design that features 10-foot-high, floor-to-ceiling panes of glass in the offices. Morningstar said it has open floor plans in its global offices, so nearly half the space in its new 4 WTC office includes flexible work space designed for employees to interact with clients and host events.<\/p>\n<p>\u201cWe\u2019re already enjoying having clients in our new office with its breathtaking view,\u201d Vickie Tillman, president of Morningstar Credit Ratings, said in a prepared statement. \u201cOur workplace needs have increased and we\u2019re excited to serve a broad range of issuers and institutional investors, including asset managers, hedge funds, pension funds and insurance companies.\u201d<\/p>\n<p>In November, Silverstein Properties announced SNY, owned by Sterling Entertainment Properties, Time Warner and Comcast NBC Universal, had signed a 17-year lease for 83,000 square feet of office and studio space. SNY is the broadcast network of the New York Mets. Sterling Equities and Sterling Project Development also joined SNY at 4 WTC.<\/p>\n<p>Last week, <a href=\"https:\/\/www.crainsnewyork.com\/article\/20160513\/REAL_ESTATE\/160519923\/swiss-insurance-giants-subsidiary-eyes-space-at-4-world-trade-center\" rel=\"nofollow\" target=\"_blank\">Crain\u2019s New York Business<\/a> reported Zurich North America, the U.S. subsidiary of the Switzerland-based insurance giant, was seeking to lease about 70,000 square feet at 4 WTC, relocating from nearby 1 Liberty Plaza. Crain\u2019s reported it was part of a possible plan to split space between a smaller office in Manhattan and a site in Jersey City, N.J. Zurich North America currently leases about 170,000 square feet at 1 Liberty Plaza, according to Crain\u2019s. The company would not confirm the report, only stating that its lease at 1 Liberty Plaza expired in May 2017 and it was evaluating its needs and operating costs as standard practice.<\/p>\n<p>The Crain\u2019s story stated another company, high-frequency trading firm Hudson River Trading, was also rumored to be considering space at 4 WTC. That potential deal was also not confirmed.<\/p>\n<p><em>Image courtesy of <a href=\"https:\/\/4wtc.com\/\" rel=\"nofollow\" target=\"_blank\">4 WTC<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company is expanding its Manhattan presence by signing a long-term lease at 150 Greenwich St.<\/p>\n","protected":false},"author":1068,"featured_media":1004144340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,1600,21742,10,21747],"tags":[],"class_list":["post-1004144338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-new-york","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Morningstar Makes its Way Downtown to 4 World Trade Center - 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\/morningstar-makes-its-way-downtown-to-4-world-trade-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morningstar Makes its Way Downtown to 4 World Trade Center\" \/>\n<meta property=\"og:description\" content=\"The company is expanding its Manhattan presence by signing a long-term lease at 150 Greenwich St.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/morningstar-makes-its-way-downtown-to-4-world-trade-center\/\" \/>\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=\"2016-05-19T08:01:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T06:55:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/4WTC_from_Greenwich_original.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"1124\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morningstar-makes-its-way-downtown-to-4-world-trade-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morningstar-makes-its-way-downtown-to-4-world-trade-center\\\/\"},\"author\":{\"name\":\"Gail Kalinoski\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"headline\":\"Morningstar Makes its Way Downtown to 4 World Trade Center\",\"datePublished\":\"2016-05-19T08:01:53+00:00\",\"dateModified\":\"2020-05-18T06:55:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morningstar-makes-its-way-downtown-to-4-world-trade-center\\\/\"},\"wordCount\":648,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morningstar-makes-its-way-downtown-to-4-world-trade-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/05\\\/4WTC_from_Greenwich_original.jpg\",\"articleSection\":[\"Brokerage\",\"Featured\",\"New York\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morningstar-makes-its-way-downtown-to-4-world-trade-center\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morningstar-makes-its-way-downtown-to-4-world-trade-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morningstar-makes-its-way-downtown-to-4-world-trade-center\\\/\",\"name\":\"Morningstar Makes its Way Downtown to 4 World Trade Center - 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