Morningstar Inc. is preparing to move its New York City office to 4 World Trade Center. The company has signed a 10-year, 30,000 sq ft lease and will move to its new office space on the 48th floor in mid-2015, according to Silverstein Properties.
Company chairman and CEO Joe Mansueto stated recently that his firm had conducted an extensive search before deciding on the location. He said that Morningstar was impressed by the building’s design and stated that the move will allow the company to double its staff capacity in NYC.
The company, which provides independent investment research, will be moving from its current office at 1065 Sixth Avenue, where rents 7,500 sq ft.
4 World Trade Center is now more than 60 per cent let, with a batch of new tenants scheduled to move into the property next year.
The new occupiers will include the Port Authority of New York & New Jersey, which has agreed terms on 520,000 sq ft, the City of New York, which will occupy 600,000 sq ft, and MediaMatch which has the distinction of being the first private-sector tenant to agree terms.
The high-tech skyscraper, which claims to be the most advanced office building of the 21st Century, was designed by Pritzker Prize winning architect Fumihiko Maki and boasts 2.3 million sq ft of office space located over 56 floors.
