The Lease Beat
Havas is in talks to move a portion of its U.S. advertising operations into 200 Hudson Street, several sources familiar with the transaction told The Commercial Observer.
The French company, which is one of the world’s largest advertising firms, would take approximately 150,000 square feet in the deal, the sources said.
Two Sigma Investments, an international finance and technology firm, has inked a five-year lease at 100 Avenue of the Americas that will allow the company to expand from its current 38,332 square feet, brokers told The Commercial Observer.
When Cushman & Wakefield accepted leasing duties at 1 Hudson Square in 2005, the building just north of Canal Street was still struggling to transcend its traffic-choked proximity to the Holland Tunnel and an address in a neighborhood nobody had really named (it’s called Hudson Square today).
Yet by seizing on a small but notable spurt in recent activity from a handful of tech firms and digital start-ups, the Cushman agents helped reposition the 1.1-million-square-foot building into a hub for the city’s creative underclass.
FremantleMedia, among the largest producers of reality television brands in the world, including American Idol, America’s Got Talent and loads of other shows your kids watch, has signed an 8,000-square-foot lease at 435 Hudson Street. The group will occupy part of the fourth floor of the building, in part to consolidate all of its operations under one roof. In October, the group acquired a 60 percent share of @radical.media, a global media business that is also housed at the Trinity Real Estate-owned building. FremantleMedia is expected to relocate later this year after the space is renovated.
Trinity has not had an easy time unloading a prime site at 330 Hudson Street. The ecclesiastical landlord leased the site to a developer four years ago, but waited for months on end for a planned hotel conversion to go forward.
Trinity ultimately took back the lease, and today announced that a new 99-year ground Read More
In the Rezone
Bruce Weber, the world-renowned fashion photographer, whose ads for Calvin Klein and Abercrombie & Fitch, famously feature everything but, has snapped up some new Hudson Street digs.
Mr. Weber and long-time partner and agent Nan Bush will take 11,152 square feet for 10 years on the 10th floor of 205 Hudson Street. “He’s an internationally Read More
A decade ago, Hudson Square was not even a neighborhood, just a printing district on the wane with Soho expats moving into many of the soaring brick loft buildings. It was an unglamorous cobblestone neighborhood north of the Holland Tunnel where garbage trucks and tour buses frequently idled.
Since then, new super-luxe condos and even Read More
When Queen Anne of England bestowed Trinity Church with a large land grant in 1705, the aim was to establish an Anglican foothold in the New World, not a commercial hub for New York City’s creative underclass.
But with 6 million square feet of property situated, lucratively, in what is now considered Read More
The New York Review of Books is officially moving out of 1755 Broadway, joining in the stream of media firms to Hudson Square. The 45-year-old biweekly has signed a lease for 15,049 square feet at Trinity Real Estate’s 435 Hudson Street, at the northern reaches of the district.
The Review Read More
Jews and Episcopalians of the World, Unite!
The 92nd Street Y is moving to Tribeca. The famed Upper East Side Jewish cultural institute has landed a 15,800-square-foot lease at Trinity Church’s 200 Hudson Street.
The Y will move its “Makor” and “Daytime” programs downtown. Those programs are relocating from their former uptown digs at Read More