High 5 Games Joins Tenant Roster at One World Trade Center
- Nov 14, 2014
One World Trade Center continues to attract new tenants. High 5 Games is the latest company to sign a deal and will take 87,663 square feet at the downtown Manhattan office tower, officials said yesterday.
PTT L.L.C., which does business was High 5 Games, is a growing content solutions company that serves the land-base, online, social and mobile gaming markets. Founded in 1995, the company has created hundreds of digital games played by millions of people in more than 150 countries, including High 5 Casino, the highest-rated social casino on Facebook.
High 5 Games, which is taking the 58th and 59th floors, needs more space to accommodate its growth and is moving from Union Square to Downtown Manhattan in the second quarter of 2015. The firm’s office space is being designed by Gensler and built by the Durst Organization, which is handling operations, management and leasing at the new tower developed by The Port Authority of New York and New Jersey.
The technology company is the ninth tenant to be signed at One World Trade Center in 2014. The 3 million-square-foot office tower is now more than 61 percent leased with 1.86 million square feet leased. It is at 70 percent of the projected stabilized net operating income, according to Durst.
It is also part of the growing TAMI (technology, advertising, media and information) sector that is particularly active in Downtown Manhattan, representing 33.9 percent of year-to-date leasing activity, according to Cushman & Wakefield Inc.
“The signing of High 5 Games to two full floors underscores One World Trade Center’s powerful appeal to digital and creative firms,” Jonathan Durst, president of The Durst Organization, said in a statement.
“I am proud to make High 5 Games one of the first tenants at WTC. Internally, we’re already calling our new home World Game Center, a pivotal location for commerce, trade and now gaming,” Tony Singer, founder and CEO of High 5 Games, added.
Ownership was represented on the transaction by Eric Engelhardt, vice president and director of leasing for Durst, and a Cushman & Wakefield leasing team led by Executive Vice Chairman Tara Stacom. The team includes Alan Stein, James Searl and Justin Royce, along with Jodi Pulice of JRT Realty. High 5 Games was represented by Jessica Berkey, Laurence Briody, Christopher Mansfield, Scott Sloves and Sacha Zarba, all of CBRE Group Inc.
High 5 Games joins other companies such as anchor tenant Conde Nast that are calling One World Trade Center home. The publishing giant began moving into its 1.2 million square feet of office space at the 102-story skyscraper on Nov. 3. Also that week, The Durst Organization announced it had signed two more leases – C12 Capital Management, which is taking 3,446 square feet, and Incandescent Technologies, which will be leasing 2,556 square feet for its global headquarters. Both companies are leasing space on the 46th floor, which has been set aside along with the 45th floor for build-to-suit offices for smaller tenants.
One World Trade Center’s tenant roster also includes Servcorp, which is taking the entire 85th floor, or 34,775 square feet; Westfield L.L.C, which will be leasing 12,456 square feet; Cushman & Wakefield, leasing 10,222 square feet; and KiDS Creative L.L.C., an advertising agency signed for 34,775 square feet. Two of the larger tenants will be the U.S. General Services Administration, which is leasing 272,995 square feet, and China Center New York L.L.C., taking 202,732 square feet.