Ameriprise Financial is staying put in the clouds at One World Trade Center, inking a fresh 10-year renewal for its 37,704-square-foot office on the 78th floor. The deal keeps the Minneapolis-based financial adviser anchored in Lower Manhattan and gives landlords another marquee name to tout as trophy space downtown keeps drawing interest.
Durst and Port Authority Announce Renewal
The Durst Organization and the Port Authority of New York and New Jersey rolled out the news in a joint statement, according to CityBiz. Ameriprise, one of the tower’s early tenants, is holding onto its existing footprint on the 78th floor for another decade.
Durst president Jody Durst pointed to the renewal as evidence that the building “continues to attract financial services firms,” while Port Authority World Trade Center director Jolene Yeats said the commitment backs up the idea that the campus is now a vibrant destination rather than just a symbol on the skyline.
Building Scale and Amenities
One World Trade Center clocks in at roughly 3.1 million square feet of office space and carries a LEED Gold certification, according to The Durst Organization. The tower’s 64th-floor Sky Lobby features a 25,000-square-foot Well& by Durst amenity center that landlords lean on as a key selling point for tenants hunting for premium perks.
Durst materials also peg the building at about 97 percent leased, a figure that underscores why owners are comfortable marketing One World Trade Center as a premier downtown address rather than a work-in-progress.
Brokers and the Deal
Cushman & Wakefield represented Ameriprise in the renewal, with a team led by Josh Kurlioff, Drew Braver, Heather Thomas, and Nicole Estevez, according to CityBiz. On the landlord side, The Durst Organization handled negotiations in-house and teamed up with Newmark’s leasing group, which CityBiz reports included David Falk, Peter Shimkin, Hal Stein, Nathan Kropp, and Paige Raisides.
What It Means for FiDi
Ameriprise’s renewal adds another stability story to a tower that has been stacking up expansions and new leases as downtown leasing activity ticks upward again. Recent moves by tenants such as W Magazine and Energy Capital Partners have helped push One World Trade Center toward full occupancy, according to Commercial Observer.
For Ameriprise, the new lease keeps its New York presence rooted at One World Trade Center, where the company lists a local office and highlights a nationwide network of more than 10,000 financial advisors on its corporate site, per Ameriprise. For Durst and the Port Authority, the deal offers another talking point as they court the remaining would-be trophy tenants eyeing a foothold in FiDi’s most recognizable tower.
