Lease Beat

New York Media Signs Direct Lease at One Hudson Square

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The publisher of New York magazine, New York Media LLC, has signed a 10-year, 80,500-square-foot direct lease at Trinity Real Estate’s One Hudson Square, where asking rents are $65 per square foot.

The media company will remain on the building’s entire fourth floor, which it had previously leased under an assignment from another tenant, according to Charles Laginestra of Trinity Real Estate. When that lease expired, New York Media signed a direct lease at the property. Read More

Lease Beat

Adidas Lands at Hudson Square

Adidas will set up a showroom at 435 Hudson Street in Manhattan (photo: oct on Flickr)

International athletic apparel company, Adidas, signed a 10-year, 15,220-square-foot lease at Trinity Real Estate’s 435 Hudson Street. The space will be used by the company’s US-based marketing team as a showroom and event venue.

The asking price was $65 per square foot.

The new location is a relatively short walk from Adidas’ other location at Read More

Lease Beat

Trinity's 137 Varick Street Reaches 100%

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A Trinity Real Estate-owned Hudson Square office building has reached 100 percent occupancy after it lured NYU-Poly Varick Street Incubator away from another Trinity-owned building into a bigger space, signed Paik Architecture PLLC to new office space, and agreed to give current tenant Unity Construction Development additional space, The Commercial Observer has learned.

Having met maximum capacity, 137 Varick Street now has an eclectic collection of tenants that range from Alexander Gorlin Architects, online job search company TheLadders, and Scott Jordan Furniture. Read More