McKinsey seals deal to move headquarters to 3 WTC

“Big Three” consulting firm is taking 186K sf, relocating from Fisher Brothers’ 55 East 52nd St.

TRD New York /
May.May 16, 2018 05:15 PM

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

“Big Three” consulting firm McKinsey & Co. sealed a deal to relocate from Midtown to the World Trade Center.

The global consulting firm signed a 15-year lease for 186,000 square feet at Silverstein Properties3 World Trade Center, the New York Post reported.

McKinsey will relocate roughly 900 employees from Fisher Brothers’ 55 East 52nd Street. Financial terms of the deal were not disclosed, but asking rents at Silverstein’s 80-story tower have been reported to be in the $80s per square foot.

The 2.5 million-square-foot building is set to open in June, with about 900,000 square feet already spoken for, according to the Post. Media giant GroupM is the property’s largest tenant, with about 700,000 square feet.

CBRE represented both the landlord and tenant sides of the deal. [NYP]Rich Bockmann


Related Article

arrow_forward_ios

Embattled Prodigy Network CEO Rodrigo Niño to step down

Larry Silverstein and the Tel Aviv Stock Exchange (Credit: Getty Images)

Institutional investors swarm Silverstein’s new TASE bonds

3 World Trade Center

WATCH: Inside the nearly completed 3 WTC

An aerial view One World Trade Center in Lower Manhattan (Credit: iStock)

On anniversary of 9/11, the World Trade Center office market is now helping propel Downtown

Larry Silverstein and the Tel Aviv Stock Exchange Bull (Credit: Getty Images and Wikipedia)

As other NYC firms go quiet, Silverstein Properties prepares new Israeli bond offering

Clockwise from top left: 733 Third Avenue, 24-01 44th Road in Long Island City, 83 Maiden Lane, and 1745 Broadway (Credit: Google Maps)

These were NYC’s top office leases in August

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Marty Burger (Photo by Studio Scrivo)

The Closing: Marty Burger

arrow_forward_ios