The Durst Organization announced that RSM US LLP has signed a 15-year lease for 95,000 square feet on the entire 10th, 11th and partial 12th floors of 4 Times Square. The 10th floor also includes a 2,100-square-foot terrace overlooking Broadway. 4 Times Square is currently undergoing a $100 million-plus capital improvement program that includes new entrances, a lobby renovation, new elevators and HVAC system and a 40,000-square-foot tenant amenity and conference center space. The 48-story building was built in 1999 and formerly home to magazine giant Conde Nast before the company moved downtown to One World Trade Center in late 2014.
Durst, owner of 4 Times Square, has been busy signing new tenants to fill the space departed by Conde Nast. Last week SS&C Technologies signed a lease for 135,571 square feet in the building. In 2016, financial services firm ICAP signed a lease for 82,442 square feet and the law firm Fross Zelnick Lehrman & Zissu signed a lease for 41,160 square feet at the property.
“We are pleased to welcome RSM to 4 Times Square and the Durst portfolio” said Jonathan (Jody) Durst, President of The Durst Organization. “One of the unique features of the building is its 11 terraces ranging in size from 330 to 5,750 square feet. The RSM team will enjoy spectacular views of the Times Square bowtie from their private 10th floor terrace.”
RSM was represented by Savills Studley’s Executive Vice President, Director, Richard Schuham and Executive Managing Director Greg Taubin. The Durst Organization was represented in-house by Senior Vice President of Leasing Tom Bow and Vice President of Leasing Rocco Romeo.
RSM US is a leading provider of audit, tax and consulting services focused on the middle market with 9,000 professionals and associates in 86 cities nationwide.