HRT Expands World Trade Center Footprint
- Jan 10, 2019
Hudson River Trading has signed a 136,000-square-foot lease at 3 World Trade Center in New York City, with landlord Silverstein Properties.
The fintech pioneer moved its headquarters to Manhattan in 2016, signing for the 57th and 58th floors of 4 World Trade Center. HRT will more than double its space when it moves to the newer building later this year, taking four floors in total.
“This lease affirms that the World Trade Center is a great place for companies to go,” Jeremy Moss, Silverstein Properties’ director of World Trade Center leasing, told Commercial Property Executive. “HTC was able to secure two floors at 4 World Trade Center and in order to accommodate its growth, we’re now able to give them four floors at 3 World Trade Center.”
With the opening of 3 World Trade Center in June, the rebuilding of the World Trade Center complex is nearly complete after 17 years. Lower Manhattan saw its strongest quarter of office leasing in seven years last fall, even as the vacancy rate rose above 11 percent, almost certainly due to the opening of the building.
“There are few places in the city that provide the kind of flexibility that this property offers,” Moss said. “That’s why fast-growing companies like Spotify are gravitating towards the World Trade Center.”
Other companies with leases at 3 World Trade Center include GroupM, McKinsey and Casper Sleep.
HTC will soon occupy the 74th to 77th floors at 3 World Trade Center, and a strong appeal of the space was a 5,000-square-foot outdoor terrace on the 76th floor, which offer panoramic views of New York Harbor and the Midtown skyline.
“It’s the highest private commercial outdoor space in New York City,” Moss said. “The views from up there are unbelievable. It provides HTC with an amenity that will allow them to compete with top fintech firms for best talent in New York City.”
According to Moss, Downtown is where Wall Street meets Silicon Alley and, over the last decade, the neighborhood has completely transformed, attracting nearly 1,000 TAMI (Technology, Advertising, Media, Information Services) companies.
The building is currently 45 percent leased. Designed by Richard Rogers and his firm Rogers Stirk Harbor + Partners, the 2.5 million-square-foot 3 World Trade Center features floor to ceiling glass, and all four corners and each floor plate of the tower are column-free to create an open workspace environment. The building is also expected to meet LEED Gold standards.
Joining Moss on negotiations for the landlord were the CBRE team of Mary Ann Tighe, Ken Meyerson, Evan Haskell, David Caperna, Adam Foster, Steve Eynon and Rob Hill. HRT was represented by CBRE’s Sacha Zarba and Chris Corrinet.
Image courtesy of Silverstein Properties