{"id":27995,"date":"2020-06-02T15:31:11","date_gmt":"2020-06-02T12:31:11","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=27995"},"modified":"2025-03-25T16:09:27","modified_gmt":"2025-03-25T13:09:27","slug":"tiktok-lease-durst-one-five-one","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/tiktok-lease-durst-one-five-one\/","title":{"rendered":"TikTok Signs Lease for 232K SF in Durst\u2019s One Five One"},"content":{"rendered":"<p>Digital conglomerate Byte Dance \u2014 the parent company of video-sharing app TikTok \u2014 has signed a 10-year lease for 232,000 square feet of office space in One Five One, an office tower formerly known as Four Times Square. One Five One\u2019s current owner is the Durst Organization, and the property is situated at 151 W. 42nd St., a prime location for <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/manhattan\/\" target=\"_blank\" rel=\"noopener noreferrer\">office space in Manhattan<\/a>. The lease price was not disclosed.<\/p>\n<p>The lease spans seven floors to be occupied by TikTok, five of which are situated at the top of the tower and were previously leased to Skadden Arps. The other two floors were formerly occupied by Conde Nast. TikTok\u2019s co-tenants will include Analysis Group Inc., an economics consulting firm; and National Cable Communications, an advertising company. Of the property\u2019s total 1.8 million square feet of office space, about 326,000 is reportedly still available.<\/p>\n<div id=\"attachment_27997\" style=\"width: 650px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-27997\" class=\"wp-image-27997 size-full\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/one-five-one-at-141-w-42nd-st-nyc-ny.jpg\" alt=\"One Five One at 151 W. 42nd St., New York City, New York\" width=\"640\" height=\"800\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/one-five-one-at-141-w-42nd-st-nyc-ny.jpg 640w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/one-five-one-at-141-w-42nd-st-nyc-ny.jpg?resize=120,150 120w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/one-five-one-at-141-w-42nd-st-nyc-ny.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><p id=\"caption-attachment-27997\" class=\"wp-caption-text\">One Five One at 151 W. 42nd St., New York City, New York<\/p><\/div>\n<p>A CBRE team made up of Sacha Zarba, Jeffrey Fischer and Alice Fair represented TikTok, while Durst was represented by an in-house team made up of Tom Bow, Rocco Romeo and Tanya Grimaldo.<\/p>\n<p>One Five One first opened in 1999. It recently underwent a $150 million capital improvement program\u00a0 that included an improved lobby and entrances, new elevators, and energy-efficient technological enhancements that qualified it for a LEED Gold rating. The building also consists of a 45,600-square-foot amenity floor available for tenants, featuring a coffee and wine bar, an artisanal food hall, event space, and boutique meeting venues.<\/p>\n<p>With this lease, TikTok continues its expansion in the Western hemisphere. The app, which has approximately 1.5 billion downloads, currently has about 400 employees in the U.S., most of whom operate in Culver City, Calif.<\/p>\n<p>The Durst Organization previously signed <a href=\"https:\/\/www.commercialcafe.com\/blog\/durst-new-leases-1155-avenue-americas\/\" target=\"_blank\" rel=\"noopener noreferrer\">two new leases at 1155 Avenue of the Americas<\/a> \u2014 another Manhattan property \u2014 in late March.<\/p>\n<p><em>Property image courtesy of Yardi Matrix.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital conglomerate Byte Dance \u2014 the parent company of video-sharing app TikTok \u2014 has signed a 10-year lease for 232,000 square feet of office space in One Five One, an office tower formerly known as Four Times Square. One Five One\u2019s current owner is the Durst Organization, and the property is situated at 151 W.&hellip;<\/p>\n","protected":false},"author":71,"featured_media":19671,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,4014,39],"tags":[],"class_list":["post-27995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TikTok Signs Lease for 232K SF in Durst\u2019s One Five One<\/title>\n<meta name=\"description\" content=\"TikTok announced it leased seven floors spanning 232,000 square feet in the Durst Organization&#039;s One Five One in Manhattan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/tiktok-lease-durst-one-five-one\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TikTok Signs Lease for 232K SF in Durst\u2019s One Five One\" \/>\n<meta property=\"og:description\" content=\"TikTok announced it leased seven floors spanning 232,000 square feet in the Durst Organization&#039;s One Five One in Manhattan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/tiktok-lease-durst-one-five-one\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-02T12:31:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-25T13:09:27+00:00\" \/>\n<meta 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