The Durst Organization has signed premier content solutions company High 5 Games to a 15-year lease for the entire 58th and 59th floors of One World Trade Center. The two floors total 87,663 square feet.
Adding to a building roster that includes a growing number of leading digital and creative tenants, PTT, LLC — doing business as High 5 Games — serves the land-based, online, social and mobile gaming markets. An industry leader founded in 1995, the company has created hundreds of digital games played by millions of players in more than 150 countries on six continents.
High 5 Games — which required larger space to accommodate its growth and is relocating to Downtown from Union Square — will occupy its two-floor space at One World Trade Center in the second quarter of 2015. Their offices are being designed by Gensler and built by The Durst Organization.
Cushman & Wakefield records TAMI (technology, advertising, media and information) sector tenants as the most active sector of the vibrant Downtown office market, representing 33.9 percent of year-to-date leasing activity.
With the High 5 Games transaction — the ninth lease to be signed at One World Trade Center in 2014 — the iconic, 3.0-million-square-foot office tower is now more than 61 percentleased and is now at 70 percent of the projected stabilized net operating income (NOI), with 1.86 million square feet leased.
“The signing of High 5 Games to two full floors underscores One World Trade Center’s powerful appeal to digital and creative firms,” said Jonathan (Jody) Durst, president of The Durst Organization. “As the most innovative building in the world, One World Trade Center is the ideal location for High 5 Games, a sophisticated, entrepreneurial firm with global reach.”
“Redevelopment of the World Trade Center campus was designed with a particular vision in mind, that Lower Manhattan — with One World Trade Center at its heart — would become a vibrant community attracting tenants from a wide array of business sectors,” said Port Authority Executive Director Pat Foye. “High 5 Games is yet another example of Downtown’s continuing renaissance, attracting the best creative companies and the brightest talent.”
Among its numerous gaming options, High 5 Games operates High 5 CasinoTM. With ten million downloads, High 5 CasinoTM is the highest-rated social casino on Facebook. The company also operates Shake the Sky CasinoTM, which is the largest Asian-themed social casino with more than 500,000 monthly players.
“I am proud to make High 5 Games one of the first tenants at WTC. Internally, we’re already calling our new home the World Game Center, a pivotal location for commerce, trade and now gaming,” said Tony Singer, Founder and CEO at High 5 Games.
“Joining anchor tenant Condé Nast at One World Trade Center, the signing of High 5 Games demonstrates that digital and other creative firms have a tremendous appetite for state-of-the-art glass and steel towers with world-class amenities,” said Cushman & Wakefield executive vice chairman Tara Stacom, who leads the firm’s leasing team on behalf of the tower. “High 5 Games joins Microsoft, Salesforce, SAP, and other leading tech firms who in various markets throughout the United States continue to sign major leases in newly constructed office towers. These wonderful, efficient skyscrapers with copious light, air, and views enhance employee productivity and morale, are often built near major transportation hubs, and have the ability to provide expansion space to accommodate tenant growth.”
Ownership was represented on the transaction by Eric Engelhardt, Vice President and Director of Leasing at One WTC for The Durst Organization, and by a Cushman & Wakefield team led by Tara Stacom that includes Alan Stein, James Searl and Justin Royce, along with Jodi Pulice of JRT Realty. Jessica Berkey, Laurence Briody, Christopher Mansfield, Scott Sloves and Sacha Zarba of CBRE, represented High 5 Games.
International publishing giant Condé Nast, the property’s anchor tenant, recently began occupying the space that will ultimately encompass nearly 1.2 million square feet between the 20th and 44th floors. The site will serve as the company’s global headquarters.
The High 5 Games lease follows several others recently completed at the building. Among them, the property signed leading, Australian-based retail development company Westfield to a five-year, 12,456-square-foot lease for prebuilt space on the 46th floor, and commercial real estate services firm Cushman & Wakefield to a ten-year, 10,222-square-foot lease on the 45th floor. And C12 Capital Management, an asset management company, as well as Incandescent Technologies, a global information management consultant, will each occupy build-to-suit space on the 46th floor.
One World Trade Center is the Western Hemisphere’s tallest building, as designated by the Height Committee of the Council on Tall Buildings and Urban Habitat, the entity recognized as the final arbiter of global building heights.
The Durst Organization offers a pre-built/build-to-suit program setting aside a total of 94,000 square feet on the 45th and 46th floors for the small space requirements of companies that recognize the value of the building’s unique stature to enhance their own brand. Suites with high-quality finishes are available in sizes ranging from 2,000 to 20,000 square feet.
Underscoring employer proximity to a rapidly growing, vibrant and talented workforce, the building’s Lower Manhattan setting is home to more than 61,000 residents. Several additional projects in development will significantly add to nearby residential units in 2015.
One World Trade Center also provides direct, weather-protected connections to 11 subway lines, PATH and Hudson River ferries for easy access to the workforce of the entire metropolitan area. In addition, the West Concourse pedestrian walkway, which currently connects the World Trade Center campus to the Brookfield Place Winter Garden and Battery Park City, will soon be extended to provide direct access to the newly opened MTA Fulton Transit Center.
Designed to achieve LEED CS Gold Certification, One World Trade Center is poised to become the most environmentally sustainable project of its size in the world.
At 1,776 feet tall, 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 renaissance of Downtown 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 High 5 Games
Developing for the land-based, online, social, and mobile markets, High 5 Games has created hundreds of games that are played on six continents and in more than 150 countries. High 5 Games operates the highest-rated social casino on Facebook (High 5 CasinoTM, with nearly two million monthly players) and the largest Asian-themed social casino (Shake the Sky CasinoTM, with over 500,000 monthly players). The company’s premiere remote game server, VAULT, will integrate with online casinos around the world and will feature over 100 of the company’s top brands. Founded in 1995, High 5 Games has offices in New York City and New Jersey.
H5G Web site – http://www.high5games.com
About The Durst Organization
The Durst Organization, founded in 1915 by Joseph Durst, is the owner, manager, and builder of 13 million square feet of premiere Manhattan office towers. The Durst Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential property.
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