Durst secures three more tenants for
ex-Conde Nast space at 4 Times Square

Just three of the floors previously leased by Conde remain unspoken for

New York /
Jan.January 08, 2019 09:35 AM

Douglas Durst and 4 Times Square (Credit: e4)

A trio of year-end leasing deals closed on Monday at the Durst Organization’s 4 Times Square, filling up another 154,000 square feet in the 817,000-square foot hole Conde Nast left behind when it moved to 1 World Trade Center in 2014.

National Cable Communications leased 65,000 square feet, Analysis Group leased 58,020 square feet, and SS&C Technologies extended its lease by 31,000 square feet, according to the New York Post. SS&C signed for roughly 140,000 square feet at the building in January 2017, as The Real Deal reported at the time.

These latest signings mean that just three of Conde’s 19 former floors remain unfilled. Sources told the Post that leases were out on two of those floors as well.

4 Times Square acquired a high-profile tenant in February when Nasdaq inked a lease for 145,000 square feet at the property, where it had previously occupied a small event space.

Conde Nast’s old lease at 4 Times Square expires in April. The Port Authority of New York and New Jersey agreed to pay Durst $3 million a month to cover the space, as part of the deal to bring Conde downtown to anchor 1 WTC. The Durst Organization has a 10 percent stake in 1 WTC, while the Port Authority owns the rest.

Meanwhile, Conde Nast put 350,000 square feet of its 1 WTC space up for sublease last April in an effort to cut costs. [NYP] — Kevin Sun


Related Articles

arrow_forward_ios
With major financial choices to make, Newmark receives $850M infusion
With major financial choices to make, Newmark receives $850M infusion
With major financial choices to make, Newmark receives $850M infusion
NYC’s office sublease surge slows as tenants move to reoccupy space
NYC’s office sublease surge slows as tenants move to reoccupy space
NYC’s office sublease surge slows as tenants move to reoccupy space
The Roger New York hotel at 131 Madison Avenue, Larry Korman of AKA Hotel Residences and Joe Lubeck of Electra America (Google Maps, Getty, Electra)
Electra America JV nabs Roger hotel for $71M discount
Electra America JV nabs Roger hotel for $71M discount
Oceanwide’s US business is sinking. Can it right the ship?
Oceanwide’s US business is sinking. Can it right the ship?
Oceanwide’s US business is sinking. Can it right the ship?
Demir Sabanci and 41-47 West 57th Street (Sedesco, Google Maps)
Sedesco seeks rezoning for new Billionaires’ Row skyscraper
Sedesco seeks rezoning for new Billionaires’ Row skyscraper
From left: Alvin Dworman, 155 East 55th Street, 65 West 55th Street, and 210 East 58th Street (Getty, Google Maps)
Alvin Dworman Sells 3 Manhattan Buildings for $65M
Alvin Dworman Sells 3 Manhattan Buildings for $65M
Anita Durst and images of Chashama (Photos via Getty, Chashama)
Durst-backed nonprofit puts startups into empty storefronts
Durst-backed nonprofit puts startups into empty storefronts
Berkshire Bank headquarters in 4 East 39th Street (Google Maps)
Major FiDi landlord resigns as bank chairman after stock windfall
Major FiDi landlord resigns as bank chairman after stock windfall
arrow_forward_ios

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

Loading...