NY Life Relocates to One World Trade in Sublease from Condé Nast
NY Life Insurance Company will relocate to 47,000 square feet at One World Trade Center. JLL worked with the tower’s landlords, the Port Authority of New York and New Jersey and the Durst Organization, to arrange a 10-year sublease from Advance Publications’ Condé Nast. NY Life plans to relocate its offices from 120 Broadway next May.
With this transaction, JLL has subleased 229,179 of a total 400,000 square feet on Advance’s behalf. JLL’s Peter Riguardi, Steven Rotter, Joseph Messina, Jessica Berkey, Brett Harvey and Andrew Coe represent Advance.
NY Life was represented by JLL’s Matthew Astrachan, Nicole Tiger, George Gemelos and Kristen Morgan. The Durst Organization’s Eric Engelhardt helped facilitate the transaction for ownership.
“The roll-back of pandemic office patterns has brought a flurry of activity to One World Trade Center and we anticipate NY Life’s commitment to be the first of several in the near future,” said Rotter.
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 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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