McKinsey relocating to 3 WTC

Consulting giant closing in on 200K sf deal

TRD New York /
Nov.November 20, 2017 04:10 PM

From left: McKinsey CEO Dominic Barton, Larry Silverstein and 3 World Trade Center

“Big Three” management-consulting firm McKinsey & Co. is relocating its Midtown headquarters to the World Trade Center, where it will sign a lease for about 200,000 square feet.

McKinsey is negotiating a 15-year lease with Silverstein Properties for the 60th through 64th floors of 3 World Trade Center, the New York Post reported.

The asking rent in the deal wasn’t clear, but prices in the building are in the $80s per square foot. The management firm will be relocating its Midtown headquarters from 55 East 52nd Street.

A source told the Post that McKinsey employees took a walk-through tour of their new space in the 80-story tower, where they will join GroupM when the building opens in May.

The new lease brings occupancy in the 2.5 million-square-foot tower to 900,000 square feet. McKinsey has more than 900 executives at its Midtown office.

The consulting firm had reportedly been considering taking 250,000 square feet at SL Green Realty’s One Vanderbilt. [NYP]Rich Bockmann

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