Freshfields Bruckhaus Deringer US LLP has signed a lease for 180,000 sq. ft at 3 World Commerce Middle in Decrease Manhattan. The agency is presently in its Midtown location, 601 Lexington Ave., and plans to relocate in early 2024.
3 World Commerce Middle is owned by Silverstein Properties. Leasing flooring 51 by way of 54, Freshfields has signed for a complete of 15 years. The house shall be designed by Gensler to supply knowledgeable ambiance for Freshfields purchasers and workers. Gensler additionally designed the agency’s Silicon Valley, Calif., workplace. Freshfield has a complete of three U.S. areas, together with an workplace in Washington, D.C.
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Open since June 2018, 3 World Commerce Middle is New York Metropolis’s fifth-tallest tower. In line with CommercialEdge information, the property is 80 tales excessive and totals 2.8 million sq. ft, together with 5 flooring of retail occupying 300,000 sq. ft. The constructing is LEED Gold Licensed and takes up some 19 acres.
The tower is the most recent workplace house to open within the World Commerce Middle campus. Present tenants embrace Uber, McKinsey, Hudson River Buying and selling, IEX, WPP/GroupM, Higher and Casper. Of these, GroupM leases probably the most house taking 686,000 sq. ft. Cozen O’Connor leased the fifty fifth ground of the Class A workplace house in 2019 and likewise signed for 15 years.
Towers on the campus are likely to have excessive occupancy charges. As of April, 7 World Commerce Middle was 97 p.c leased. Facilities for tenants embrace an outside terrace, a hospitality program, a number of meals choices and an app providing entry to health courses and social occasions.
Jeremy Moss, govt vice chairman of Silverstein Properties, led landlord negotiations with the assistance of CBRE’s Marry Ann Tighe, Ken Meyerson, Adam Foster, Evan Haskell, Steve Eynon, Caroline Merck and Rob Hill. A Savills New York Metropolis Consulting Group crew led by David Goldstein and Jarod Stern represented Freshfields.
