New York Media Signs Direct Lease at One Hudson Square
By Gus Delaporte June 18, 2013 10:30 am
reprintsThe 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.
“This is Trinity’s flagship,” Mr. Laginestra said of the property, adding that negotiations for the lease, which was signed recently, went smoothly.
Trinity’s tenant roster at the 100-percent leased One Hudson Square includes Getty Images, The Jackie Robinson Foundation, Metropolitan College and Omnicom Group.
As reported by The Commercial Observer, Getty Images signed a 15-year, 82,844-square-foot lease at One Hudson Square in 2011.
“One Hudson Square exemplifies the progress and diversity of Hudson Square and we are delighted that Getty Images has made this long-term commitment to the building, demonstrating its belief in the strength and vitality of the neighborhood,” said Jason Pizer, president of Trinity, at the time.
Mr. Laginestra, Tom Lynch and Peter Fontanetta represented Trinity Real Estate in-house on the New York Media lease. The tenant was represented by Robert Martin of Jones Lang LaSalle.
Mr. Martin did not immediately return requests for comment.
