By Silverstein Properties
Silverstein Properties, one of New York City’s leading real estate development and management companies, today announced that StubHub, the ticket marketplace with the world’s largest selection of live events, signed a direct lease for a full floor at 3 World Trade Center.
“The World Trade Center is an ideal home for innovative technology companies like StubHub that want new space with great amenities close to where their workforce lives,” said Jeremy Moss, EVP of Leasing at Silverstein Properties. “The WTC campus is 95% leased, and midweek occupancy is up to 70% at 3 WTC.”
The new lease reflects the continued post-pandemic re-emergence of Lower Manhattan. Last year, according to CBRE data, downtown leasing anchored a strong retail fourth-quarter overall for Manhattan. And in 2021, according to Downtown Alliance, the neighborhood was fourth-fastest growing in New York City, and the fastest growing in Manhattan.
“When you are looking for the best seat in the house, Lower Manhattan has it, and we’re thrilled to welcome StubHub to the neighborhood,” said Jessica Lappin, President of the Alliance for Downtown New York. “StubHub’s choice to make its home here is an acknowledgement of all the benefits this location provides, particularly for leading tech-rooted companies. With its unparalleled transportation network, collection of exciting companies headquartered here, and an ever evolving dining and cultural scene, Lower Manhattan has everything employers want and need in a destination.”
Jeremy Moss of Silverstein Properties represented the landlord in the deal. Sacha Zarba and Brendan Herlihy of CBRE represented StubHub.
New York City’s fifth-tallest tower, 3 World Trade Center is home to a number of leading companies including WPP / GroupM, Hudson River Trading, Uber, Diageo, Casper, IEX, Blue Wolf Capital, and Hana. The building provides companies with the flexibility to continue to expand and thrive in the bustling hub of Downtown Manhattan. The building recently signed a 44,000 sf expansion lease with innovative tech company Asana Inc. in September 2022.
Across Silverstein Properties’ portfolio, companies and their employees now have access to a new hospitality program, INSPIRE, that offers premier hotel-quality services and amenities, as well as access to neighborhood perks, daily fitness classes and monthly social events through an on-site concierge. These services are all accessible via a dedicated app.
For more information on 3 World Trade Center and to inquire about leasing opportunities, please visit https://www.silversteinproperties.com/commercial-office-space-nyc/3-world-trade-center.
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About Silverstein Properties
Silverstein Properties is a privately held, full-service real estate development, investment and management firm based in New York. Founded in 1957 by Chairman Larry Silverstein, the company has developed, owned and managed more than 40 million square feet of commercial, residential, retail and hotel space. Recent projects include 7 World Trade Center, the first LEED-certified office tower in New York City (2006), 4 World Trade Center (2013), Four Seasons Walt Disney Resort (2014), the Four Seasons Downtown (2016), One West End (2017) and 3 World Trade Center (2018). For further information on Silverstein Properties, please visithttp://www.silversteinproperties.com.
StubHub is the world’s largest marketplace to buy and sell tickets to any live event, anywhere. Through StubHub in North America and viagogo, our international platform, we service customers in more than 150 countries in 40 languages and 49 available currencies. From sports to music, comedy to dance, festivals to theater, StubHub has more than 50 million tickets available to events around the world at any given time. Customers can buy and sell safely and securely on our platform, as every order is backed by StubHub’s FanProtect Guarantee, which ensures that a seller is paid on time and a buyer is guaranteed access to the event they purchased tickets for, or they get their money back. Find out more at stubhub.com and viagogo.com.