German tech firm snags full floor at 1 WTC

Building is now more than 85% leased

New York /
Feb.February 11, 2020 09:05 AM
Clockwise from left: Celonis co-founders Bastian Nominacher, Alexander Rinke, and Martin Klenk with 1 World Trade Center (Credit: Celonis)

Clockwise from left: Celonis co-founders Bastian Nominacher, Alexander Rinke, and Martin Klenk with 1 World Trade Center (Credit: Celonis)

A German business process analytics firm is the latest tech company to land new digs in Lower Manhattan.

Munich-based “process mining” company Celonis has signed a 34,328-square-foot lease for the entire 87th floor at One World Trade Center, the New York Post reported.

The Port Authority of New York and New Jersey and the Durst Organization’s 94-story tower is now more than 85 percent leased, according to the Post. The asking rent was $85 per square foot. The tower has taken some time to lease up, initially only reaching 20 percent occupancy after four years of being open. A leasing manager for the building had previously said part of the issue was that the tower was on a site that’s been under construction for nearly two decades.

The tech company’s U.S. headquarters was previously located at 119 West 40th Street near Bryant Park. Blackstone acquired the delinquent $160 million mortgage on that office building in 2014, and sold the property to Clarion Partners for $282 million in 2018.

Founded in Munich in 2011, Celonis got its start helping companies such as Bavarian broadcaster Bayerischer Rundfunk optimize their internal IT processes.

The company now counts Uber, Citi and L’Oréal among its major users, and was valued at $2.5 billion following a $290 million Series C funding round in November. [NYP] — Kevin Sun


Related Articles

arrow_forward_ios
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
Robert Durst in court on May 18, 2021 (Getty)
Robert Durst’s murder trial restarts after year-long delay
Robert Durst’s murder trial restarts after year-long delay
Douglas Durst with 114 West 47th Street and 1133 Sixth Avenue (Getty, Google Maps)
What tenants pay at two Durst towers in Midtown
What tenants pay at two Durst towers in Midtown
Douglas Durst with 1133 Avenue of the Americas (left) and 114 West 47th Street (Google Maps, Getty)
Durst refinances two Midtown buildings with $1.1B CMBS loan
Durst refinances two Midtown buildings with $1.1B CMBS loan
Condé Nast CEO Roger Lynch and Durst Organization chairman Douglas Durst (Getty, iStock)
Condé Nast considers move to Gold Coast to save money
Condé Nast considers move to Gold Coast to save money
261 Madison Avenue and 205 East 42nd Street are among the closed locations. (Sapir, Durst, WeWork)
WeWork dumps several Manhattan locations
WeWork dumps several Manhattan locations
Douglas Durst (Getty)
Douglas Durst tapped to be next REBNY chair
Douglas Durst tapped to be next REBNY chair
Douglas Durst and a rendering of the project (Getty, DRWC)
Durst’s $2B Philly waterfront redevelopment project approved
Durst’s $2B Philly waterfront redevelopment project approved
arrow_forward_ios

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

Loading...