New tenant signs lease at One World Trade Center

KiDS Creative inked deal for 35,000 spread on tower's 87th floor

New York /
May.May 27, 2014 06:30 PM

After a three-year dry spell, a new tenant has signed a lease at One World Trade Center.

Advertising agency KiDS Creative is leasing the tower’s 87th floor – a spread of just under 35,000 square feet. The agreed-upon rent was over $90 per square foot. The deal with KiDS Creative, an off-shoot of Box Studios, an artistry firm based on West 14th Street that specializes in fashion branding for such lines as Dolce & Gabbana and Alexander Wang, comes amid news that rents are being reduced in the tower because “the market is not there,” as Douglas Durst, who partnered with the Port Authority in the tower’s development, previously told the Wall Street Journal.

The building’s first private sector tenant, China Center NYC, announced on Thursday that it wants to cut its commitment at One World Trade Center in half, to about 100,000 square feet divided over the 88th, 89th and 90th floors.

The KiDS deal also comes amid a recent media, digital and technology firm flight Downtown. Last week, the Post reported that technology firm Percolate is in talks to lease 40,000 square feet at One World Trade Center, and publishing powerhouse Condé Nast is the building’s largest tenant with more than 1.1 million square feet.

Right now, One World Trade Center is more than 55 percent leased. [NYP] — Claire Moses 


Related Articles

arrow_forward_ios
Durst Organization chairman Douglas Durst and Advance Publications president Donald Newhouse with One World Trade Center (Newhouse by Ilya S. Savenok/Getty Images for The Association for Frontotemporal Degeneration; Unsplash)
Condé Nast may be moving out of 1 WTC
Condé Nast may be moving out of 1 WTC
Moody's CEO Raymond McDaniel and 1 World Trade Center (McDaniel by Alex Wong/Getty Images; Pixabay)
Moody’s looks to sublease its 1 WTC office
Moody’s looks to sublease its 1 WTC office
Clockwise from left: Celonis co-founders Bastian Nominacher, Alexander Rinke, and Martin Klenk with 1 World Trade Center (Credit: Celonis)
German tech firm snags full floor at 1 WTC
German tech firm snags full floor at 1 WTC
A Victoria's Secret store in New York (Credit: Getty Images)
Victoria’s Secret sues WTC landlord amid store closures and layoffs
Victoria’s Secret sues WTC landlord amid store closures and layoffs
The architect claims the design, construction and marketing of the tower rips off the design of a tower he planned and modeled for his thesis
Lawsuit over WTC design is whittled down
Lawsuit over WTC design is whittled down
Condé Nast lands a second full-floor to sublease its space at 1 WTC
Condé Nast lands a second full-floor to sublease its space at 1 WTC
Condé Nast lands a second full-floor to sublease its space at 1 WTC
4 Times Square and Douglas Durst
Durst leases up final block of Conde Nast’s space at 4 Times Square
Durst leases up final block of Conde Nast’s space at 4 Times Square
Condé Nast subleases 50K sf at 1 WTC to cut costs
Condé Nast subleases 50K sf at 1 WTC to
cut costs
Condé Nast subleases 50K sf at 1 WTC to
cut costs
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...