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Nasdaq market opens new US headquarters.

The Nasdaq Stock Market, Inc. announced that it has established One Liberty Plaza in lower Manhattan as the location of its new headquarters. The event was celebrated recently with a market opening ceremony presided over by New York Governor George Pataki and New York City Mayor Rudolph Giuliani at the Nasdaq MarketSite in Times Square. With more than 219,000 SF leased over a 20-year period, the new headquarters will serve as Nasdaq's executive and corporate offices.

The move also follows last year's opening of the Nasdaq MarketSite broadcast studio and the Frank G. Zarb Investor Center, a visitor educational center in Times Square. Cushman and Wakefield were Nasdaq's real estate agents. Brookfield Properties is Nasdaq's landlord at One.Liberty Plaza.

John Cefaly, Jeffrey S. Cohen, Donald DiRenzo, Sr., and Jonathan R. Serko were honored with Cushman & Wakefield's New York Area Deal of the Year award for working with Nasdaq to sign the his toric lease for 266,925 SF at One Liberty Plaza.

"Most real estate firms would be ecstatic to have one brokerage professional of the quality of a Cefaly, Cohen, DiRenzo, or Serko" said Bruce Mosler, president of U.S. operation for C&W. "But to have four such outstanding talents at C& W, let alone to have them working together for the benefit of a great client like Nasdaq, is almost unfair to the rest of the industry. Their combined abilities turned a difficult challenge into a slam-dunk for Nasdaq, earning them their much deserved Deal of the Year."

Governor George E. Pataki said, "Since the birth of our nation, the stock markets have been proven vehicles to help companies grow, create jobs, and improve economies. In today's information and digital age, those opportunities are increasing at the speed of the latest technology. It is only fitting that Nasdaq, a leader in shaping the stock market of the future, is headquartered in the capital of the financial industry and we are now pleased to welcome Nasdaq to New York officially."

This move of Nasdaq's headquarters is part of an agreement which includes establishing and maintaining Nasdaq headquarters in New York City, maintaining Amex headquarters and trading floor operations in New York City, and maintaining current NASD regional offices for the 20-year term.

Formerly based in Washington, D.C., Nasdaq's re location follows recent steps it has taken to become independent from the NASD, its former parent organization. NASD's ownership interest in Nasdaq has been reduced so far to approximately 27%, on a fully diluted basis, and is expected to eventually fall to zero. NASD will continue to be based in Washington, D.C. The newly independent Nasdaq, with its presence in Times Square and its executive offices at One Liberty Plaza, now becomes officially headquartered in New York City.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:May 2, 2001
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