Durst lands another tenant for ex-Conde Nast space at 4 Times Sq.

HedgeServ is taking 53K sf at the Midtown office tower

New York /
Aug.August 01, 2017 06:01 PM

Step by step, the Durst Organization is filling up the massive void Conde Nast’s departure left at 4 Times Square.

HedgeServ Corporation, a company that sells administrative services to hedge funds, signed a 10-year lease for 53,456 square feet at the tower, Commercial Observer reported.

HedgeServ’s space spans the entire eighth floor and is part of the 817,000 square feet Conde Nast left behind when it moved to One World Trade Center in 2014.

Asking rents in the tower average $85 per square foot. HedgeServ’s current home is at 1271 Sixth Avenue. Newmark Knight Frank represented the company in the deal, while Durst was represented in-house.

Last year, Durst signed financial firm ICAP and law firm Fross Zelnick Lehrman & Zissu to a combined 123,000 square feet of Conde Nast’s former space. In January, tax auditing firm RSM US agreed to take 95,000 square feet in the 48-story tower. [CO] — Konrad Putzier


Related Articles

arrow_forward_ios
Mack Real Estate CEO Richard Mack and one of his new hotels at 51 Nassau Street. (Getty, ING)
Mack Real Estate takes over 7 distressed Manhattan hotels
Mack Real Estate takes over 7 distressed Manhattan hotels
1440 Broadway and CIM Group’s Shaul Kuba (Google Maps, Getty)
CIM closes on $400M refi for 1440 Broadway
CIM closes on $400M refi for 1440 Broadway
Theaters in some cities are opening with restrictions. (Getty, Photo Illustration by Alison Bushor for The Real Deal)
Coming attraction: Movie theaters reopen in New York, San Fran
Coming attraction: Movie theaters reopen in New York, San Fran
Innovo Property Group's Andrew Chung with 23-30 Borden Avenue in Long Island City (Google Maps)
Innovo lands $155M construction loan for LIC warehouse
Innovo lands $155M construction loan for LIC warehouse
Restaurants and bars accounted for a majority of the gains in February (iStock)
Leisure, hospitality big winners in February job gains
Leisure, hospitality big winners in February job gains
The company currently operates 761 stores, and intends to open 100 new stores this fiscal year. (iStock)
Retailer Burlington plans to double store count
Retailer Burlington plans to double store count
(Getty, Photo Illustration by The Real Deal)
Retail had its reckoning. Will subleases flood the market?
Retail had its reckoning. Will subleases flood the market?
Ascena owns Ann Taylor, Lane Bryant, Lou & Grey and Cacique. (Getty)
Ascena restructuring approved post-bankruptcy
Ascena restructuring approved post-bankruptcy
arrow_forward_ios

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

Loading...