The Durst Organization and The Port Authority of New York and New Jersey today announced the 13,715-square-foot lease with Infosys Ltd (NYSE: INFY) for part of the 79th floor of One World Trade Center, the tallest building in the Western Hemisphere. The property is currently 70 percent leased.
This latest announcement follows the recent opening of Westfield World Trade Center, a world-class retail, dining and entertainment destination that includes more than 100 global and local, fashion, lifestyle, and technology brands along with casual, upscale and on-the-go dining.
Founded in 1981 by seven engineers in India, Infosys Ltd will move its New York-based office space from its current location to the 79th floor of One World Trade Center during the first quarter of 2017. With its global headquarters in Bangalore, India, Infosys Ltd joins several new information technology tenants including ITI Data, Kensho Technologies, and Global Risk Advisors. Infosys Ltd is the second-largest Indian IT services company and India’s sixth largest publicly traded company.
“As a major multinational company, it's not surprising that Infosys would relocate to Lower Manhattan, which continues to be a draw for a diverse collection of industries,” said Eric Engelhardt, Vice President of Leasing at One World Trade Center for The Durst Organization. “Infosys Limited is a welcome addition to the One World Trade Center community.”
“Nearly every week there is another opening or announcement on the World Trade Center site, including the recent openings of Westfield World Trade Center, and Liberty Park, which are infusing the campus with additional energy, excitement, and amenities,” said Beth Wolfowitz, Port Authority Director of Leasing and Development for the World Trade Center Redevelopment Department. “These developments further catalyze the connective tissue and vibrancy of Lower Manhattan as a transportation hub with access to great parks, creating an even more compelling reason for tenants to take space at One World Trade Center. Infosys will enjoy the building’s full array of amenities and now even greater ease of use.”
“An important global player, Infosys now joins the growing number of information technology firms on One World Trade Center’s tenant roster,” said Cushman & Wakefield Executive Vice Chairman Tara Stacom. “Infosys will benefit from this unique property’s many tenant-friendly features, and will also gain marketing value from One World Trade Center’s one-of-a-kind address and globally recognized brand.”
The Durst Organization was represented in-house on the 11-year Infosys Ltd transaction by Mr. Engelhardt and Karen Kuznick, and by a Cushman & Wakefield team led by Tara Stacom that includes Justin Royce, Barry Zeller, Connor Daugstrup, and Peter Trivelas. Infosys Ltd was represented by Joseph Mangiacotti and Alex Cantor of CBRE, and Jeff Lerch & Andrew Cunningham of Foundation Real Estate Advisors, Inc.
Among the property’s largest tenants, global publishing giant Condé Nast, the anchor tenant, has its 1.2-million-square-foot headquarters between the 20th and 44th floors. The General Services Administration has approximately 273,000 square feet on floors 50 to 55, online gaming company High 5 Games occupies 87,663 square feet on floors 58 and 59, location-focused mobile advertising firm xAd occupies 86,517 square feet on floors 60 and 61, and financial services giant Moody’s has signed a lease for 75,312 square feet on floors 56 and 57.
Executive suites firm Servcorp occupies approximately 35,000 square feet on the 85th floor, China Center New York holds approximately 33,000 square feet on the 89th floor, and One World Observatory has approximately 115,000 square feet on 100-102 and lobby floors.
One World Trade Center will provide direct, weather-protected connections to 11 subway lines, the PATH train, and the Hudson River ferries. In addition, the West Concourse pedestrian walkway — which connects the World Trade Center campus to Brookfield Place and Battery Park City — offers access to the World Trade Center Transportation Hub and to the entrance to One World Observatory. The building also provides access to the transit hub’s newly opened retail corridor developed by Westfield, which includes nearly 125 restaurants, shops, and services, and the new MTA Fulton Transit Center on Broadway.
Developed by The Port Authority of New York and New Jersey, One World Trade Center sets new standards of design, construction, and prestige, and heralds the revitalization of Lower Manhattan. Managed, operated, and leased by The Durst Organization, One World Trade Center is the new icon of New York's skyline and the most recognized and desirable office address in the world.
About One World Trade Center:
Developed by The Port Authority of New York and New Jersey, One World Trade Center sets new standards of design, construction, and prestige, and heralds the revitalization of Lower Manhattan. Managed, operated, and leased by The Durst Organization, One World Trade Center is the new icon of New York's skyline and the most recognized and desirable office address in the City.
About Infosys Ltd:
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. Infosys enables clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. Infosys helps them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
