Bow, Romeo, Durst and Grimaldo of Durst Org. close 82,442 s/f lease; Panzer and Rzeznikiewicz of JLL act for tenant, ICAP PLC

4 Times Square - Manhattan, NY

Manhattan, NY According to The Durst Organization, ICAP PLC signed a 15 year lease for 82,442 s/f on the 12^th and 14^th floors of 4 Times Sq. with an option for an expansion of up to 41,221 s/f on the 15^th floor. The 1.8 million s/f building is currently undergoing a $100 million capital improvements program which includes new entrances and lobby, new elevator cabs and significant building and mechanical upgrades.

Scott Panzer, JLL

ICAP was represented by vice chairman Scott Panzer and senior vice president Shannon Rzeznikiewicz of JLL. The Durst Organization was represented in-house by senior vice president of leasing Tom Bow, vice president Rocco Romeo, project associate Lucas Durst and leasing coordinator Tanya Grimaldo.

The upgrades includes new destination dispatch elevator controls, a lobby renovation overseen by HOK and Bjarke Ingels’ BIG, new HVAC system and the preservation and

Shannon Rzeznikiewicz, JLL

enhancement of the Frank Gehry-designed cafeteria, which will be the cornerstone of a shared amenity and conference center space for the building.

“We are pleased to welcome ICAP as the first new tenant since beginning our capital improvements program at 4 Times Sq.,” said Jonathan Durst, president of The Durst Organization.

“With a new lobby and mechanical systems, 4 Times Sq. continues to be one of New York’s most innovative and environmentally advanced office towers. It provides for a state-of-art work space, large floor-plates, breath-taking views and unparalleled connectivity to Bryant Park, Grand Central, Penn Station, Port Authority and more than a dozen subway lines,” said Durst.

ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services, ICAP helps customers manage and mitigate risks in their portfolios.

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 2,400 in development. The Durst Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential buildings.