(NEW YORK) – Google (NYSE: GOOG) has signed a 180,000-square-foot lease for new office space at Trinity Hudson Holdings’ 345 Hudson Street, which will commence in 2019. The deal was announced by operating partner Hines, on behalf of a joint venture comprised of Trinity Real Estate and Norges Bank Real Estate Management.
Howard Fiddle, Paul Amrich, Zac Price and Ben Joseph of CBRE represented ownership. The tenant was represented by Ken Rapp, Doug Lehman and Brendan Herlihy of CBRE.
345 Hudson is one of 12 assets in the Hudson Square Properties joint venture. The buildings were built in the early 1900s to house printing presses and were redeveloped by Trinity into a hub for creative industries and businesses drawn to the large floor plates, flexibility of the lease space and energy of the neighborhood. As a prominent property owner for more than 300 years, and the largest and most-active owner in Hudson Square, Trinity played a vital role in shaping lower Manhattan.
Spanning the full block from King to Charlton Streets, 345 Hudson is near the Houston Street stop of the 1 subway and is in close proximity to Hudson River Park. The joint venture has been implementing a substantial capital improvement program throughout the portfolio, including lobby upgrades and new roof decks, in addition to other tenant and community amenities. With the Google lease, the 980,000-square-foot building is now 100 percent leased.
Tommy Craig, head of Hines’ Tri-State office commented, “Google joins the notable roster of global creative brands that have moved to Hudson Square, and we are very proud that they have chosen 345 Hudson for their new office space.”
David Godbout, CEO of Trinity Hudson Holdings and head of real estate for Trinity, added, “We are thrilled Google has decided to join Hudson Square as part of their continued growth. It’s a true testament to the quality of the building and the dynamic neighborhood the partnership has worked so hard to cultivate.”
Google's mission is to organize the world's information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.
About Hudson Square Properties
Hudson Square Properties is a joint venture led by property owner and majority partner Trinity Church Wall Street alongside Norges Bank Real Estate Management and managed by operating partner Hines. The portfolio comprises 12 properties totaling 6 million square feet of commercial space in Manhattan’s Hudson Square neighborhood including 12-16 Vestry Street, 200 Hudson Street, 205 Hudson Street, 75 Varick Street, 100 Avenue of the Americas, 155 Avenue of the Americas, 345 Hudson Street, 350 Hudson Street, 10 Hudson Square, 225 Varick Street, 435 Hudson Street, and the recently acquired 375 Hudson Street. The reimagined former industrial buildings boast a world-class roster of leading creative tenants including advertising agencies, new media companies, designers, architects, software developers, and other high-profile companies.