SAP has inked a lease for 115,000 square feet of space at the South Tower of Hudson Yards, the developers of the 15-million-square-foot project on the far west side of Manhattan announced yesterday.
The announcement came along with news that L’Oréal leased 402,000 square feet for their U.S. corporate headquarters at the building, bringing the LEED Gold South Tower to more than 80 percent occupancy. Sources said the deals are for 15 years.
The companies join Coach, which agreed to pay a reported $750 million for its 740,000-square-foot global corporate headquarters in the tower in late 2011, after what Related’s president on the project, Jay Cross, called a three-year negation process.
“We are thrilled that global beauty and software powerhouses L’Oréal and SAP, along with Coach, Inc., will be locating at Hudson Yards,” said Stephen Ross, Related Companies’ Chairman, in a prepared statement. “With construction already underway, we look forward to continuing to implement our ambitious vision for the defining development of the 21st Century and the new heart of New York.”