The company expanded to 180,000 square feet (17,000 m) in May 2019 by leasing the entire 28th floor.
(meta data) TITLE: Nasdaq Expands to 180K SF at Former Condé Nast Tower – Commercial Observer (meta data) AUTHOR: Chava Gourarie Skip to content # Nasdaq Expands to 180K SF at Former Condé Nast Tower ###### By Chava Gourarie May 24, 2019 2:44 pm The Empire State Building, 4 Times Square and 1 Bryant Park lit up "Amazon Orange." Photo: New York City Economic Development Corporation Nasdaq is taking more space at the Durst Organization's 151 West 42nd Street in Times Square. SEE ALSO: Vevo Takes 38K SF at 4 Times Square The stock exchange signed a lease for 35,512 square feet on the 28th floor of the 48-story tower, bringing their total space at the property to 180,000 square feet, the New York Post first reported. Nasdaq announced that it would move its headquarters to the building in 2018 and officially move in 2020, Commercial Observer reported at the time. The lease is one of a rash of new leases at the property, which lost its former anchor tenant Condé Nast to 1 World Trade Center in 2014, freeing up 19 floors and 820,000 square feet. The 1.8 million-square-foot tower is set to lose another major tenant, law firm Skadden, Arps, Slate, Meagher & Flom, which plans to decamp in 2020 for digs at One Manhattan West, freeing up another 600,000 square feet. In April, BMO Capital Markets, the investment arm of the Montreal-based bank, signed a 15-year lease for the ninth and 29th to 33rd floors, spanning 215,056 square feet, and advertising research firm National Cable Communications inked an 11-year lease for 65,000 square feet on the 11th and part of the 12th floors in January. Durst has invested $140 million in a capital improvement program for the building, also known as 4 Times Square, in the wake of Condé Nast's departure, and refinanced the building with a $900 million loan from J.P. Morgan Chase and Wells Fargo in April, CO reported. The asking rent for the Nasdaq space was $100 per square foot, and asking rent in two remaining Condé floors are $85 and $95, according to NYP. Nasdaq was represented by Newmark Knight Frank's Michael Ippolito and Daniel Katcher together with Cushman & Wakefield's Robert Tanzmann. The Durst side of the deal was handled in-house by Tom Bow, Rocco Romeo and Tanya Grimaldo. Keywords:151 West 42nd Street, 4 Times Square, Conde Nast, Cushman & Wakefield, Daniel Katcher, Durst Organization, michael ippolito, nasdaq, Newmark Knight Frank, Robert Tanzmann, Rocco Romeo, Tanya Grimaldo, Tom Bow Trending Stories New York City #### City Sues Operators Who Allegedly Converted Office Suites Into Airbnb Rentals Finance · Acquisition #### Taurus Gets $43M in Freddie Mac Debt for Tampa Multifamily Acquisition New York City #### Silverstein Selling Part of ABC Campus to Taconic for Roughly $220M: Sources Sales · Hotels New York City #### Capstone and Republic Pick Up Koreatown Hotel for $57M Leases · Office New York City ### Downtown Music Moves and Expands Soho Office ###### By Rebecca Baird-Remba Leases · Office New York City ### Menswear Designer Rick Owens Doubling Soho Offices ###### By Nicholas Rizzi Leases · Retail New York City ### Tourneau Moving to Temporary Digs at 601 Madison Avenue ###### By Sarika Gangar
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4 Times Square
Tenants.
In January 2019, National Cable Communications inked an 11-year lease for 65,000 square feet (6,000 m) on the 11th and partial 12th floor. Several months later, the company expanded by 16,724 square feet (1,553.7 m) to fully occupy the 11th and 12th floors of the building. Also in January, economic consulting firm Analysis Group signed a 10-year lease for 58,029 square feet (5,391.1 m) on the 23rd and partial 22nd floor. BMO Capital Markets signed a 15-year lease for 215,056 square feet (19,979.4 m) in April to serve as the company's headquarters in New York. The company planned to occupy the ninth floor as a trading floor and replace Skadden Arps on floors 29 through 33. In June, Vevo leased 38,000 square feet (3,500 m) directly from Durst after subleasing the 25th floor from Skadden Arps for the past seven years. 
 The building's northwest corner holds NASDAQ's 24,000 square feet (2,200 m) MarketSite, a seven-story cylindrical tower whose electronic display provides market quotes, financial news and advertisements. The ground floor of the MarketSite contains a television studio with a wall of monitors and an arc of windows looking out onto Times Square. In February 2018, NASDAQ signed a 15-year, 145,000 square feet (13,500 m) lease to move the company's global headquarters to the building.