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New York & Tri-State  + Downtown New York  + Office  |  August 30, 2021
One World Trade Center is now 95% occupied, the highest level in its history, with an expansion by Celonis
Paul Bubny
By: Paul Bubny

Marketing Firm Subleases Condé Nast Space at One World Trade

JLL has completed a 48,000-square-foot long-term sublease with Constellation Agency on behalf of Advance Publications for the entire 21st floor of One World Trade Center in Lower Manhattan. The tenant is relocating from nearby 110 William St. 

Peter Riguardi, chairman and president of JLL’s New York tri-state region, and vice chairmen Joseph Messina and Steven Rotter represented Advance, whose Condé Nast unit is headquartered at One World Trade.  

Cushman & Wakefield EVP Dale Schlather and director Greg Herman represented Constellation Agency, an SaaS company that offers tech-enabled marketing and creative services, managing hyper-targeted campaigns through a proprietary advertising engine.  

JLL is exclusive leasing agent for Advance, which is offering for sublease some 400,000 square feet of space at One World Trade. JLL also recently completed a 40,000-square-foot, long-term sublease for Reddit covering the tower’s entire 33rd floor. 

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Inside The Story

JLL’s RiguardiCushman & Wakefield’s Schlather

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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