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Brokerage
Posted: September 10, 2024
StubHub signs 100,000 s/f
sublease at 4 World Trade Ctr.
Manhattan, NY Savills represented StubHub, in a sublease totaling 100,000 s/f at Silverstein Properties’ 4 World Trade Center.
Savills facilitated StubHub’s sublease, allowing StubHub to immediately take possession of one floor in the location. Additionally, Savills negotiated an agreement with the sublessor to enable StubHub to take over two more floors at a later date.
“This is a significant expansion as it supports StubHub’s growth within its global headquarters in New York City, within one of the premier buildings in Manhattan, not just Downtown,” said Scott Bogetti, a corporate managing director at Savills. “Structuring a deal that meets StubHub’s needs is a testament to the collaborative effort between all parties involved in this transaction.”
StubHub was represented by Bogetti, Kirill Azovtsev and Michael Bertini. Brad Wolk and Will Joumas, who are part of Savills Integrated Consulting Strategies group, were also part of the Savills team. The sublessor was represented by Sheena Gohil of Colliers.
StubHub’s initial preparation to expand its corporate headquarters to 4 World Trade Center represents an expansion for the global ticket marketplace. In 2023, the company signed a 44,000 s/f lease to establish its headquarters at 3 World Trade Center, also owned by Silverstein Properties but has already outgrown that space. This new sublease will support the current needs and future growth of StubHub.
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