The Real Deal New York

Cushman leases space at 1WTC

Asking rent is $69 per sf for brokerage-turned-tenant at skyscraper
September 04, 2014 01:40PM

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.

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