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Nasdaq To Move Headquarters From FiDi To Times Square

Nasdaq To Move Headquarters From FiDi To Times Square
4 Times Square in New York as of June 2016

One of the signature names in the financial world is leaving the Financial District.

Nasdaq is moving its international headquarters from One Liberty Plaza to 4 Times Square after signing a 145K SF lease with owner The Durst Organization, the Wall Street Journal reports. The stock exchange operator has had a presence in the building since 1999 called MarketSite, where it hosts client events and its opening bell ceremonies.

As part of the 15-year lease, Nasdaq will enjoy a new event space and terrace on the 10th floor of the 52-story building as part of Durst's recent $140M renovation. The headlining facet of that renovation was the creation of a 46K SF amenity space on the fourth floor with a café and coffee bar run by Michelin-starred chef Claus Meyer.

Nasdaq's departure leaves a hole in One Liberty Plaza, which is majority-owned by Brookfield with Blackstone having recently purchased a 49% stake in the building. Nasdaq joins the list of tenants Durst has signed to fill the void left by Condé Nast when the publishing conglomerate went the reverse direction by moving to One World Trade Center in 2014.

Nasdaq's move away from the city's traditional financial center mirrors its departure from Center City Philadelphia in late 2016, when it moved its Philly trading floor across the Schuylkill River to the newly built FMC Tower.