Cushman leases space at 1WTC

Asking rent is $69 per sf for brokerage-turned-tenant at skyscraper

1 World Trade Center and Ron Lo Russo
1 World Trade Center and Ron Lo Russo

Commercial real estate brokerage Cushman & Wakefield, which has been handling leasing for 1 World Trade Center, signed a 10-year deal to occupy its own space there.

Cushman grabbed 10,222 square feet on the 45th floor at the 3 million-square-foot property. Asking rent was $69 per square foot. Legends Hospitality Group, a sports-venue management firm that developed the observation deck at the property, is also set to take office space on the 45th floor, Crain’s reported.

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Ron Lo Russo, head of Cushman’s brokerage operations in New York, represented the tenant in-house. Durst Organization exec Eric Engelhardt represented Durst, which co-owns the 104-story site with the Port Authority of New York & New Jersey. [Crain’s]Mark Maurer