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