Artificial intelligence developer takes 27K sf at 7 WTC

IPsoft sub-subleasing space on office tower's 32nd floor from currency trader

7 World Trade Center
7 World Trade Center in the Financial District (credit: SOM)

Artificial intelligence developer IPsoft took a 27,200-square-foot sub-sublease for office space at Silverstein Properties’ 7 World Trade Center in the Financial District.

IPsoft has already moved into the space, which comprises of roughly two-thirds of the 32nd floor at 7 WTC. The company is subleasing the office from currency trading firm FXDD, which itself subleased nearly 41,000 square feet — the building’s entire 32nd floor – from Dutch bank ABN AMBRO in 2009.

FXDD’s sublease on the 1.7 million-square-foot office tower’s 32nd floor runs through November 2022, according to the Commercial Observer. The currency trading firm also sub-subleased 13,000 square feet on the floor to contractor Permasteelisa Group last year.

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IPsoft’s new space isn’t far from the firm’s main headquarters at 17 State Street, also in the Financial District. IPsoft currently has around 98,000 square feet at the RFR Realty-owned property.

Asking rent on IPsoft’s sublease was not disclosed. Cushman & Wakefield’s Rob Lowe represented IPsoft, while Scott Weiss of Savills Studley represented FXDD. [CO]Rey Mashayekhi