Silverstein Inks Tech Lease at 3 World Trade Center

3 World Trade Center. Image by Joe Woolhead, courtesy of Silverstein Properties

Silverstein Properties has inked a 44,000-square-foot lease with StubHub at 3 World Trade Center in Lower Manhattan, N. Y. The tech company will move its headquarters from Midtown to the high-rise’s 59th floor.

CBRE’s Senior Vice President Brendan Herlihy and Vice Chairman Sacha Zarba brokered the agreement on behalf of StubHub, while Executive Vice President at Silverstein Jeremy Moss represented the landlord.

The high-rise’s mid-week occupancy was up to 70 percent, while the WTC campus has an overall occupancy rate of 95 percent, Moss stated in prepared remarks. The building’s tenant roster includes Uber, Hudson River Trading, Casper, WPP / GroupM, Diageo, Blue Wolf Capital, IEX and Hana.

Designed by Rogers Stirk Harbour + Partners and completed in 2018, the tower is LEED Gold certified. The 80-story building at 175 Greenwich St. comprises 2.5 million square feet of rentable space, five floors of retail space and offers in-building access to 12 subway lines. The property features a column-free structure, 5,000-square-foot terrace on the 17th floor, 60-foot lobby and 44 passenger elevators.

The appeal of Lower Manhattan

Last September, tech company Asana Inc. signed a 44,000-square-foot lease expansion at the tower. In August 2022, law firm Freshfields Bruckhaus Deringer committed to 180,000 square feet at 3 World Trade Center, with plans of relocation set for early 2024.

According to CBRE data, the new leases and deals reflect the continued post-pandemic re-emergence of Lower Manhattan. The borough ranked first on the list of top markets for office deliveries in 2022, with developers focusing on highly amenitized space, mixed-use buildings and large developments.