New York Post

Nasdaq adds space at One Five One

- Steve Cuozzo

Leasing momentum continues at the Durst Organizati­on’s One Five One W. 42nd St., formerly Four Times Square. Nasdaq just signed for an additional 35,512 square feet on the 28th floor, bringing its total in the tower to 180,000 square feet. The deal comes with a 3,215- squarefoot outdoor terrace — one of 11 terraces Durst installed on previously unused roof setbacks.

The terraces were part of a $150 million capital upgrade after Condé Nast left for One World Trade Center.

Other recent lease signings at One Five One include 215,056 square feet for BMO Capital Markets and 166,967 sf for SS&C. Only two of Condé’s former 19 floors, with a total of 820,000 square feet, remain up for grabs.

The asking rent for the Nasdaq expansion was $100 psf. The asks for the two former Condé floors still available are $85 and $95.

For the first time, Durst will be out of pocket on the remaining Condé floors until they’re leased. Douglas Durst famously made a deal with the Port Authority, its majority partner at One World Trade, for the PA to reimburse Durst for Condé’s rent at Times Square until its lease there expired — which it did at the end of April.

Meanwhile, more than one-third of floor space now occupied by Skadden Arps, which is moving to Brookfield’s One Manhattan West in the spring, is pre-leased.

Nasdaq was repped by Newmark Knight Frank’s Michael Ippolito and Daniel Katcher and by Cushman & Wakefield’s Robert Tanzmann. Durst was repped in-house by Tom Bow, Rocco Romeo and Tanya Grimaldo.

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