Real Estate

Nasdaq leases additional 35,500 square feet at Durst tower

Leasing momentum continues at the Durst Organization’s One Five One W. 42nd St., formerly Four Times Square. Nasdaq just signed for an additional 35,512 square feet on the 28th floor, bringing its total in the tower to 180,000 square feet. The deal comes with a 3,215-square-foot outdoor terrace — one of 11 terraces Durst installed on previously unused roof setbacks.

The terraces were part of a $150 million capital upgrade after Condé Nast left for One World Trade Center.

Other recent lease signings at One Five One include 215,056 square feet for BMO Capital Markets and 166,967 square feet for SS&C. Only two of Condé’s former 19 floors, with a total of 820,000 square feet, remain up for grabs.

The asking rent for the Nasdaq expansion was $100 per square foot. The asks for the two former Condé floors still available are $85 and $95.

For the first time, Durst will be out of pocket on the remaining Conde floors until they’re leased. Back in 2010, the Port Authority, Durst’s majority-owning partner at One World Trade Center, and Conde negotiated a deal for the PA to reimburse Durst for the media company’s remaining rent on its Time Square lease until it expired — which it did at the end of April.

Meanwhile, more than one-third of floor space now occupied by Skadden Arps, which is moving to Brookfield’s One Manhattan West in the spring, is pre-leased.

Nasdaq was repped by Newmark Knight Frank’s Michael Ippolito and Daniel Katcher and by Cushman & Wakefield’s Robert Tanzmann. Durst was repped in-house by Tom Bow, Rocco Romeo and Tanya Grimaldo.