The Real Deal New York

Servcorp signs 15-year lease at One World Trade Center

Australia-based company takes about 38K feet in tower; building nearly 58 percent occupied

August 26, 2014 09:00AM

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From left: One World Trade Center and Servcorp founder Alf Moufarrige

One World Trade Center and Servcorp’s Alf Moufarrige

Servcorp, an Australia-based coworking and virtual office space company, is moving to 1 World Trade Center.

The company signed a 15-year lease for 34,775 square feet and will move into the building’s entire 85th floor. The spot will be the company’s fourth Manhattan location. Servcorp is reportedly expecting to spend $1.8 million on a build out. Asking rent on the higher floors is between $75 and $100.

With this new lease, the 3 million-square-foot tower is almost 57.5 percent occupied, the New York Post reported. The building is being developed by the Port Authority of New York & New Jersey and the Durst Organization.

Advertising agency KiDS Creative signed a long term lease at the tower in May, paying more than $90 per square foot. Reportedly, Hugo Boss is in early talks to take up space at the tower. [NYP] – Claire Moses

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