Spotify Claims Big Spot at 4 WTC
ByNew York—Spotify USA just took a big bite out of the tenant roster at 4 World Trade Center in Lower Manhattan. The music streaming service recently signed a 387,200-square-foot office lease with Silverstein Properties Inc., owner of the 2.3 million-square-foot skyscraper, in a move that brings the building’s lease level to 100 percent.
Relocation, relocation, relocation. “Spotify sought a new, first-class building that could provide the firm with ample room to consolidate its New York operations and further expand its thriving business,” Peter Riguardi, chairman & president of commercial real estate services firm JLL’s New York operations, said in a prepared statement. JLL represented Spotify in the lease transaction, while commercial real estate services firm CBRE Inc. stood in for Silverstein. Leaving behind its current digs at 620 Ave. of the Americas in Midtown South and other locations in the city, Spotify will bring more than 800 employees to its new headquarters at 4 WTC and still have substantial elbowroom for the 1,000 new jobs it plans to create as part of its growth plan…
