By Liz Young | New York Business Journal
Fintech Hudson River Trading has signed a deal to expand its offices at 3 World Trade Center by 75,200 square feet, taking two additional floors.
Hudson River Trading currently occupies 136,000 square feet across four floors at the skyscraper, including a private outdoor terrace on the 76th floor. This will bring its total footprint up to more than 211,000 square feet.
The company was founded in 2002 by a group of software developers and mathematicians who wanted to bring a scientific approach to trading stocks. Hudson River Trading now develops automated trading algorithms using advanced mathematical and statistical modeling techniques. It has offices around the world and trades equities, futures, options, currencies and fixed income on more than 100 markets worldwide.
Hudson River Trading had its offices on two upper floors next door at 4 World Trade Center before it moved to the larger space at 3 World Trade Center in 2019. Both buildings were developed by Silverstein Properties of New York City.
"For the second time in five years, Hudson River Trading has expanded their footprint at the World Trade Center," said Jeremy Moss, executive vice president of leasing at Silverstein Properties, in a statement.
"From their headquarters first at 4 WTC, and now at 3 WTC, HRT has attracted the best minds in mathematics, coding and technology. We are excited to support HRT’s business with an environment that attracts and retains their top talent."
Other tenants at 3 World Trade Center include GroupM, Uber, Diageo, IEX, Blue Wolf Capital, Hana and Better.com.
Moss led the negotiations for the landlord with the CBRE (NYSE: CBRE) agency team including Mary Ann Tighe, Ken Meyerson, Evan Haskell, Adam Foster, Steve Eynon, Rob Hill and Caroline Merck.
Sacha Zarba, Jeff Fischer and Chris Corrinet of CBRE represented Hudson River Trading.
Silverstein Properties is a privately-held real estate development, investment and management firm headquartered in New York City. Silverstein developed roughly 7 million of Class A office space at 3, 4 and 7 World Center.
Across the landlord's portfolio, tenants can access a hospitality program called Inspire that offers amenities, community events, fitness classes and access to all amenity spaces and flexible co-working spaces in the broader portfolio.
Manhattan office leasing activity has been picking up recently amid the Covid-19 pandemic as many office workers are still logging in from home.
More than 3 million square feet was leased in November, up about 15% since October and nearly four times higher than the square footage leased in November 2020, according to the latest report by Colliers.
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