Deloitte Division Finalizes Hudson Square Sublease
By Terence Cullen October 12, 2016 3:59 pm
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The digital wing of mega-accounting firm Deloitte has inked a deal at 330 Hudson Street between Vandam and Charlton Streets, according to The Real Deal.
Deloitte Digital entered into a roughly 40,000-square-foot sublease with educational publisher Pearson, taking the whole ninth and part of the 10th floor, TRD reported. The asking rent was $85 per square foot.
The company is using 330 Hudson Street as expansion space, according to the publication, which is based in the Financial District at 140 Broadway. Pearson has a lease there running through November 2028, CoStar Group indicates. The company signed a 251,000-square-foot deal at the 466,738-square-foot property five years ago, and has gone on to sublease the bulk of that space to several companies including TED Conferences, the entity behind the online TED Talks. The lecture presenter signed a 47,000-square-foot sublease for the 11th and 12th floors, as Commercial Observer reported in March 2015.
Mark Ravesloot and Freddie Fackelmayer of CBRE (CBRE) represented Deloitte Digital in the Hudson Street deal, and it wasn’t immediately clear who represented Pearson. The CBRE brokers declined to comment via a spokeswoman.
Ivanhoé Cambridge and Callahan Capital Partners scooped up a 49 percent stake in the building in June 2014, as CO reported at the time. The $150 million investment was done with a $113 million loan from AIG, CO wrote in July 2015.
