Tory Burch becomes latest member of Hudson Square’s creative hub

New York /
May.May 23, 2012 04:00 PM

Luxury fashion designer Tory Burch has inked a 10-year lease for 80,000 square feet at 350 Hudson Street in Hudson Square, GlobeSt.com reported. The space encompasses the building’s entire fifth and sixth floors.

Trinity Real Estate is the owner of the property, and was represented by Marc Packman, director of leasing, and Charles Laginestra, both of Trinity. Don Preate and Jamie Katcher of Cushman & Wakefield represented Tory Burch. Asking rents were in the mid-$50s per square foot.

This space comes in addition to Burch’s corporate offices in the Flatiron District on West 19th Street.

“Hudson Square has become a hub for creative industries and businesses drawn by the dynamic energy and the flexibility and quality of the space,” said Jason Pizer, president of Trinity.

As The Real Deal previously reported, the Hudson Square submarket had the largest decline in vacancy rate and the biggest jump in asking rents of any neighborhood in Midtown South year-over-year in the fourth quarter of last year.

Tory Burch will be taking part of the space that French ad firm Havas is leaving for its move to 200 and 205 Hudson Street. [GlobeSt]


Related Articles

arrow_forward_ios
Cushman & Wakefield CEO Brett White and CFO Duncan Palmer (Photos via Cushman & Wakefield)

Cushman reports $37.3M loss in Q3

Cushman reports $37.3M loss in Q3
Related chairman Stephen Ross (Getty; iStock; Health Pass) 

Related, Cushman & Wakefield use new app to screen workers for Covid

Related, Cushman & Wakefield use new app to screen workers for Covid
Cushman & Wakefield CEO Brett White and JPMorgan CEO Jamie Dimon (Cushman & Wakefield; Getty)

Cushman’s $3B debt load poses default risk

Cushman’s $3B debt load poses default risk
The Manhattan office market’s overall vacancy rate rose to a 24-year high of 13.3% in the third quarter (iStock)

Cushman & Wakefield paints bleak picture for Manhattan office market

Cushman & Wakefield paints bleak picture for Manhattan office market
Cushman’s Brett White and Newmark’s Barry Gosin (Getty)

Newmark Group rejects Cushman & Wakefield takeover offer

Newmark Group rejects Cushman & Wakefield takeover offer
Cushman and Wakefield CEO Brett White (Getty; iStock; Cushman and Wakefield)

Lawsuits against Cushman & Wakefield target appraisers’ pay

Lawsuits against Cushman & Wakefield target appraisers’ pay
The analysis predicts that office vacancies across the world will continue upward (iStock)

Report: Office market won’t return to glory until 2025

Report: Office market won’t return to glory until 2025
Cushman & Wakefield CEO Brett White and Industrious CEO Jamie Hodari (Industrious; Cushman)

Cushman partners with Industrious in bid to bring the office back

Cushman partners with Industrious in bid to bring the office back
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...