The Real Deal New York

GroupM adds 170K sf at 3 WTC

Ad firm already leases 520K sf at the tower

December 22, 2015 10:30AM

3 World Trade Center

Renderings of the World Trade Center (credit: DBOX) and 3 World Trade Center (credit: Silverstein)

Advertising firm GroupM will soon sign for 170,000 more square feet, three more floors, at Silverstein Properties’ 3 World Trade Center, adding to the 520,000 square feet it already leases there.

The deal is in “the very final stage,” and expected to become official on Jan. 1, the New York Post reported.

The firm’s combined space will make up a total of 28 percent of the 80-story, 2.8 million-square-foot, Richard Rogers-designed building. It will open in 2018.

In late 2014, the Post reported that asking rents at the building start in the high $70s.

GroupM has been considering the expansion since at least early last month, when rumors flowing of the firm taking as much as 300,000 square feet more. [NYP] – Ariel Stulberg