Nasdaq Relocates HQ to 4 Times Square

The Durst Organization inked a 15-year lease with the company to bring its headquarters to Nasdaq's current MarketSite location.

Nasdaq MarketSite location, 4 Times Square, Manhattan

Nasdaq Inc. has signed a 15-year lease with The Durst Organization to occupy 145,000 square feet at 4 Times Square, the home of its MarketSite location. The deal more than quintuples the company’s existing footprint at the property, where it initially occupied 24,000 square feet at MarketSite.

A new 10th floor state-of-the-art event space will feature a 2,100-square-foot outdoor terrace above the Nasdaq Tower. Construction on the three-year MarketSite expansion and relocation will begin this summer and is scheduled for completion by December 2021, with phased move-ins set to begin in spring 2019. 

Durst’s 4 Times Square recently underwent $140 million worth of renovations, which now includes a 45,600-square-foot amenity floor that offers a café and coffee bar, as well as conference, meeting and event spaces. The Nasdaq deal marks the first of the building’s upper floors to be leased prior to Skadden, Arps, Slate, Meagher & Flom’s departure in 2020. 

“Bringing together our New York employees at our new headquarters allows us to continue to focus on the client experience and further collaborate as a team on new and innovative solutions that meet our clients’ most critical needs. This increased presence in the iconic Times Square, New York, will further drive our brand forward, and will offer an unparalleled experience for our clients for years to come,” said Adena Friedman, president & chief executive officer, Nasdaq, in prepared remarks. 

Image courtesy of Nasdaq