{"id":1004396522,"date":"2020-02-28T07:14:08","date_gmt":"2020-02-28T15:14:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004396522"},"modified":"2021-05-15T06:34:49","modified_gmt":"2021-05-15T14:34:49","slug":"media-firm-leases-200-ksf-at-one-world-trade-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/media-firm-leases-200-ksf-at-one-world-trade-center\/","title":{"rendered":"Media Firm Leases 200 KSF at One World Trade Center"},"content":{"rendered":"
\"One<\/a>

One World Trade Center. Image courtesy of Servcorp<\/i><\/p><\/div>\n

One World Trade Center has nabbed a new tenant, with advertising and marketing firm MDC Partners signing a nearly 200,000-square-foot lease in the iconic Lower Manhattan office skyscraper. The lease across floors 64 to 69 in the tower will house MDC\u2019s corporate headquarters and consolidate 11 of the holding company\u2019s partner agencies.<\/p>\n

Built by the Port Authority of New York and New Jersey and the Durst Organization, the 104-story tower is the tallest building in the U.S. and spans 3.1 million square feet. Other major tenants of the property at 285 Fulton St. include Cond\u00e9 Nast and the U.S. General Services Administration.<\/p>\n

\n

READ ALSO:<\/strong> Law Firm Inks Lease at 3 World Trade Center<\/a><\/p>\n

\n

The MDC partner agencies heading to the tower currently occupy a number of buildings in areas of Midtown such as the Plaza District and Grand Central district. \u201cAs promised, we moved our corporate headquarters from the expensive and swanky Fifth Avenue palace to excess space in our network,\u201d<\/em> said Mark Penn, MDC chairman and CEO during the company\u2019s fourth-quarter earnings call.<\/p>\n

\u201cWhen complete later this year, centralization of our New York real estate portfolio will allow for significant cost savings of $10 to $12 million annually, starting in 2021; better efficiencies and alignments among our agencies and partners and enhanced inter-agency collaboration,\u201d<\/em> he added.<\/p>\n

Iconic tower fills up<\/h2>\n

The new lease, with an asking rent of $69 per square foot, brings One World Trade Center to 93 percent occupancy, according to an account in the New York Post<\/em>. Durst and the Port Authority have signed up several new tenants for the tower since January, including Celonis Inc., DADA Holdings, Princeton Longevity Center and Ichnos Science Inc., the partners announced.<\/p>\n

Symphony Communications Services and Augustus Intelligence also recently expanded their footprint in the property, which opened in 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Durst Organization and the Port Authority enticed MDC Partners to the tallest tower in the U.S.<\/p>\n","protected":false},"author":744,"featured_media":1004183924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,1600,21742,10,21747],"tags":[36749,35946,33492],"class_list":["post-1004396522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-new-york","category-latest","category-northeast","category-office","tag-one-world-trade-center","tag-port-authority-of-new-york-and-new-jersey","tag-the-durst-organization"],"acf":[],"yoast_head":"\nMedia Firm Leases 200 KSF at One 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\/media-firm-leases-200-ksf-at-one-world-trade-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Media Firm Leases 200 KSF at One World Trade Center\" \/>\n<meta property=\"og:description\" content=\"The Durst Organization and the Port Authority enticed MDC Partners to the tallest tower in the U.S.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/media-firm-leases-200-ksf-at-one-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=\"2020-02-28T15:14:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T14:34:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Servcorp-One-World-Trade-Center-Location-800x600.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Isaacson\" \/>\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\\\/media-firm-leases-200-ksf-at-one-world-trade-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/media-firm-leases-200-ksf-at-one-world-trade-center\\\/\"},\"author\":{\"name\":\"Greg Isaacson\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1a92010198045e41b0b801129a41b3d8\"},\"headline\":\"Media Firm Leases 200 KSF at One World Trade Center\",\"datePublished\":\"2020-02-28T15:14:08+00:00\",\"dateModified\":\"2021-05-15T14:34:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/media-firm-leases-200-ksf-at-one-world-trade-center\\\/\"},\"wordCount\":317,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/media-firm-leases-200-ksf-at-one-world-trade-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/07\\\/Servcorp-One-World-Trade-Center-Location-800x600.jpg\",\"keywords\":[\"One World Trade Center\",\"Port Authority of New York and New Jersey\",\"The Durst Organization\"],\"articleSection\":[\"Brokerage\",\"Featured\",\"New York\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/media-firm-leases-200-ksf-at-one-world-trade-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/media-firm-leases-200-ksf-at-one-world-trade-center\\\/\",\"name\":\"Media Firm Leases 200 KSF at One World Trade Center - 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