Mercor Signs 5-Year Lease For 25,550 Square Feet At One World Trade Center, Manhattan

The property asset involved in this transaction is located at 285 Fulton Street in Manhattan, comprising an office space of 25,550 square feet. The lease involves a term of five years, with asking rents reported to be in the high-$80s to $90s per square foot. The building is nearing 100% occupancy following this transaction.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 285 Fulton Street
• Market: Manhattan
• Landlord: Douglas Durst & Jody Durst - Durst Organization & Port Authority Of New York & New Jersey
• Tenant: Mercor
• Lease Terms: 5 years

The deal was facilitated by Douglas Durst and Jody Durst, representing the Durst Organization along with the Port Authority Of New York & New Jersey as the landlords. The tenant, an AI staffing and training firm, Mercor, has secured this significant lease at One World Trade Center.