Hudson River Trading moving to 3 World Trade in expansion
By: Steve C.
Fast-growing fin-tech pioneer Hudson River Trading has been at the World Trade Center for less than three years — and it’s already nearly doubling its space, The Post has learned.
The firm just signed a 135,000-square-foot lease at Larry Silverstein’s Three World Trade — and will move from Four World Trade, where it took 69,000 square feet in 2016.
HRT says it “develops automated trading algorithms using advanced mathematical and statistical modeling techniques” at offices in New York, London and Singapore.
A source said the deal closed just before the end of the year. HRT will leave behind two floors at Four World Trade for four floors at Three World Trade, including an outdoor terrace on the 76th floor that’s 935 feet above the street.
HRT’s move will nudge the leasing needle at Three World Trade above the 40 percent mark. GroupM and McKinsey are the largest tenants so far at the 2.5 million-square-foot skyscraper.
There was no word on terms for HRT, but asking rents at Three World Trade on higher floors are above $80 per square foot.
CBRE acted for both landlord and tenant but declined to comment. Silverstein was repped by CBRE’s WTC team including Mary Ann Tighe, Ken Meyerson, Evan Haskell, Dave Caperna, Adam Foster, Rob Hill and Steve Eynon. HRT was repped by Sacha Zarba and Chris Cornett.
The HRT lease at Three World Trade follows one for 70,000 square feet by mattress maker Casper Sleep, which was first reported in The Real Deal.