Nasdaq has signed a long-term lease to occupy four floors of the building, giving the company nearly 53,000 square feet of office space. Currently, the company has relocated its executive management team to temporary space at the building until permanent space can be designed and built out on the four leased floors. Nasdaq expects the permanent space to be completed later this year, at which time nearly all New York City-based Nasdaq staff will relocate to the space. There are approximately 200 employees located in New York City.
Nasdaq worked with national commercial real estate services firm Julien J. Studley, Inc.; building ownership, Zapco 1500 Investment LP; Cushman & Wakefield, the building management; and real estate consultant Howard Knight to identify the space and negotiate the lease.
Nasdaq is the world's largest stock market. With more than 4,000 companies, Nasdaq lists more companies and trades more shares per day than any other U.S. market. Over the past five years, Nasdaq has outpaced all other U.S. markets in listing IPOs. It is also home to category defining companies that are leaders across all areas of business including technology, retail, communications, transportation, media and healthcare industries. With operations on three continents, Nasdaq is a key driver of global capital formation. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.
