Trinity's 137 Varick Street Reaches 100%
Jotham Sederstrom Nov. 30, 2011, 10:02 a.m.
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.
Unity Construction Development, a construction management firm, signed a four year extension to bump up its total square footage to 3,100 from 2,000 square feet for the company’s fourth floor office. On the same floor, Paik Architecture and its affiliates—Paik Construction, Inc., Eckersley O’Callaghan & Partners LLC and PS Design LLC—agreed to a five-year lease for 2,988 square feet of space.
The NYU-Poly Varick Street Incubator, a entrepreneur development program run by The Polytechnic Institute of NYU, signed a three-year lease to relocate to 28,364 square feet of space in the building’s second and seventh floors. NYU-Poly moved from 14,000 square feet at 10 Hudson Square.
Trinity was represented by Marc Packman, Director of Leasing, and Tom Lynch in the company’s negotiations with Unity Construction and Paik Architecture. Peter Fontanetta represented Trinity in the NYU-Poly deal.