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One Five One West 42nd Street in Mnahattan's Times Square is now 97% leased after CTC took two full floors

Nasdaq Expands Headquarters Space at Durst Tower

Nasdaq Inc. has signed a 15-year lease for 32,512 square feet at the Durst Organization’s One Five One W. 42nd St.  The deal brings Nasdaq’s total square footage at One Five One, its global headquarters since 2018, to approximately 180,000 square feet.

The expansion comes on the heels of a spate of lease signings at One Five One, including BMO Capital Markets for 215,056 square feet, SS&C for 166,967 square feet, and RSM for 112,474 square feet. Only two of the 19 floors formerly occupied by Condé Nast remain available, and over a third of the floors currently occupied by law firm Skadden, which is vacating next spring, have already been pre-leased.

NKF’s Michael Ippolito and Daniel Katcher, along with Cushman & Wakefield’s Robert Tanzmann, represented Nasdaq. The Durst Organization was represented in-house by EVP Tom Bow, senior managing director Rocco Romeo and senior leasing associate Tanya Grimaldo.

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Inside The Story

Connect With NKF’s IppolitoConnect With Cushman & Wakefield’s TanzmannConnect With Durst Organization’s Bow

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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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