Servcorp signs 15-year lease at One World Trade Center

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

TRD New York /
Aug.August 26, 2014 09:00 AM

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


Related Articles

arrow_forward_ios
A Victoria's Secret store in New York (Credit: Getty Images)

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

Durst Organization chairman Douglas Durst in a coworking space

Durst Ready: Developer to launch flexible office space arm

The MTA says it has the funding to extend the Second Avenue Subway to East Harlem, and the real estate industry is thrilled. (Credit: Getty, iStock)

Developers see dollar signs in Second Avenue subway extension

733 Third Avenue and Durst Organization president Jordy Durst (Credit: Google Maps and Durst Organization)

Tax firm EisnerAmper relocating large East Side office

One Bryant Park (Credit: The Durst Organization)

Bank of America leads $1.6B refi for tower named after it at One Bryant Park

4 World Trade Center and The Durst Organization president Jonathan Durst (Credit: Google Maps)

Durst inks 55K sf of leases at 4 Times Square

Douglas Durst and the NYC ferry on the East River (Credit: Curbed NY)

Durst wants to extend East River ferry service to UES

arrow_forward_ios