Nasdaq moves corporate HQ to Manhattan

Our Markets Bureau
29 May 2002

New York: As part of its planned move to midtown Manhattan, the Nasdaq Stock Market (www.nasdaq.com) has announced it has finalised plans to move its corporate headquarters to 1500 Broadway in Times Square.

Nasdaq has signed a long-term lease to occupy four floors of the building, giving the company nearly 53,000 sq ft of office space. Currently, the company has relocated its executive management team to temporary space at the building until permanent space can be designed and built out on the four leased floors.

Nasdaq expects the permanent space to be completed later this year, at which time nearly all New York City-based Nasdaq staff will relocate to the space. There are approximately 200 employees located in New York City.

Nasdaq worked with national commercial real estate services firm Julien J Studley; building ownership, Zapco 1500 Investment LP; Cushman & Wakefield, the building management; and real estate consultant Howard Knight to identify the space and negotiate the lease.