Nasdaq is relocating its global headquarters from downtown Manhattan to its current Nasdaq MarketSite location at 4 Times Square. The 5-year lease for 145,000 square feet with the building’s owner, The Durst Organization, includes an extension of the current 24,000 square foot MarketSite lease. The deal more than quintuples Nasdaq’s existing footprint at the property, which will function as the firm’s new global headquarters. Construction on the three-year MarketSite expansion and relocation initiative will get underway this summer and is slated for completion in December 2021, with phased move-ins beginning in spring 2019. 4 Times Square has recently undergone a $140 million capital improvement program.
“As one of the building’s original tenants when it opened in 1999, we are pleased Nasdaq has chosen to consolidate their corporate headquarters, and bring their leadership team, to 4 Times Square,” said Jonathan (Jody) Durst, President of The Durst Organization. “Nasdaq is one of the world’s most innovative and dynamic exchanges and a recognized global leader in financial technology, and we are excited they have decided to continue to partner with us and grow their business for the 21st Century at 4 Times Square.”
