Spotify, a digital music service provider, has signed a deal to acquire 387,243 sq. ft. of Class A office on lease at 4 World Trade Center. The agreement is of 15 years with the building owner Silverstein Properties, reported by a real estate consultant JLL.
The online music streaming service had been seeking for bigger space for a long time to establish as well as scale its entire New York operations. Now, the company is relocating and consolidating its New York operations to the building from its current offices at 620 Avenue of the Americas and elsewhere.
4 World Trade Center incorporates about 2.3 million sq. ft. commercial office space located on Greenwich Street between Liberty and Cortlandt streets in Lower Manhattan. This 72-storeys building was architected by Pritzker-prize winning architect Fumihiko Maki in 2013. The commercial building is inside a 16-acre campus and already achieved LEED Gold standard of sustainability.
“The streaming service’s relocation to 4 World Trade Center marks a major transition for Lower Manhattan,” says Peter Riguardi, Chairman & President, New York Operations, JLL.
Source: World Property Journal