ASAPP AND CORRY CAPITAL ADVISORS RELOCATE TO ONE WORLD TRADE CENTER

Asapp and Corry Capital Advisors Take 26,000 Square Feet of Prebuilt Suites at One World Trade Center

The Durst Organization and The Port Authority of New York and New Jersey today announced two tenants have signed leases for prebuilt offices at One World Trade Center. Life settlement fund manager Corry Capital Advisors, LLC (CCA) has signed a five-year lease for 7,945 square feet on the 76th floor. CCA’s offices were previously located in the Plaza District. Asapp, Inc. has signed a four-year lease for 18,366 square feet on the 80th floor. Asapp, a leading Artificial Intelligence is relocating their team of leading scientists, software engineers and designers from Hudson Street.

“Our prebuilt program at One World Trade Center has attracted prestigious companies in a variety of industries,” said Jonathan (Jody) Durst, President of The Durst Organization. “And we are extremely pleased to have Corry Capital and Asapp join our tenant roster.”

“We are delighted to join a diverse and strong community at One World Trade Center,” said William Corry, Founder and General Manager of Corry Capital. “While we conducted business in the Plaza District for many years, as soon as we set our sights on relocation, One World Trade Center was the only clear option. The building overshadows any other in Midtown, and Lower Manhattan is experiencing phenomenal growth in the private equity sector.”

CCA was represented in-house. Asapp was represented by Alexander Schwartz from Hudson Real Estate Partners. The Landlord was represented on both deals by Tara Stacom and her team at Cushman & Wakefield and Karen Kuznick of The Durst Organization.

Corry Capital Advisors, LLC (CCA) was founded in 2006 with the launch of its first Life Settlement Fund. CCA specializes in providing investment management to institutional investors seeking uncorrelated returns in the Life Settlement asset class. CCA invests in non-contestable Life Insurance policies and utilizes a proprietary methodology to achieve consistent returns based on actuarial predictability. CCA has a current portfolio valued at over $400 million across its Funds, having purchased over $1.5 billion of Death Benefit since inception.

One World Trade Center’s 381,668 square foot prebuilt program occupies nine floors with suites ranging in size from 2,100 to 27,320 RSF. Twenty-seven tenants have joined the program and the space is 58% leased with 16 units remaining. Last year The Durst Organization expanded their successful prebuilt program at One World Trade Center to encompass a total of nine floors.

One World Trade Center recently opened One World Commons, located on the 64th floor and powered by Convene, to serve as a world-class corporate and social hub, a “third-space.” It is purpose-designed for workers to get away from the traditional office, but also fosters workplace creativity, collaboration, learning & development, and ultimately – a sense of place and community. The premium floor features: conference and event rooms with state-of-the-art technology, common areas and lounges including a café with a barista bar operated by For Five Coffee Roasters and Grab-a-Go food station and a complimentary multimedia parlor with pool, ping-pong and shuffle board.

One World Trade Center sets new standards of design, construction, sustainability and beauty and heralds the revitalization of Lower Manhattan. Managed, operated, and leased by The Durst Organization and built by The Port Authority of New York and New Jersey, One World Trade Center is an icon of New York's skyline, a center of innovation and creativity, and the most recognized office address in the world.

The Durst Organization, founded in 1915 by Joseph Durst, is the owner, manager and builder of 13 million square feet of premiere Manhattan office towers and 1,950 residential rental units with 3,400 in development. The Durst Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential buildings. www.durst.org

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity.

#

CONTACT: Jordan Barowitz

212/257-6605

jbarowitz@durst.org