Online food ordering platform Olo takes 36K sf of prebuilt space at 1 WTC

Building is now 83% leased

Jun.June 18, 2019 08:48 AM
Olo founder and CEO Noah Glass and 1 World Trade Center (Credit: Venture for America and Pixabay)

Olo founder and CEO Noah Glass and 1 World Trade Center (Credit: Venture for America and Pixabay)

Olo, a tech firm that provides online ordering services for restaurant chains, is the latest company to take its pick from the menu of prebuilt offerings at the Durst Organization’s One World Trade Center.

The company has just signed a lease for the building’s entire 82nd floor, with a floor area of 36,099 square feet, the New York Post reported. The asking rent was $82 per square foot.

The lease takes another bite out of the 400,000 square feet of prebuilt office space Durst had set aside in the 104-story tower with the aim of attracting high-growth tech tenants. Digital marketing company BounceX signed a lease for 79,000 square feet on the 74th and 75th floors in October.

Together with a nearly 11,000-square foot expansion for artificial intelligence firm ASAPP, the Olo deal brings 1 WTC to 83 leased.

Olo’s previous digs were also in the Financial District, at the Chetrit Group’s 26 Broadway, also known as the Standard Oil Building.

Newmark Knight Frank’s Brian Lee and Travis Wilson represented the tenant, while a Newmark team led by David Falk represented Durst. [NYP] — Kevin Sun

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