Hines Expands Regional Headquarters In New York

(NEW YORK, NY) – Hines, a global real estate investment manager, announced today that it is nearly doubling its New York City office space with a 12-year lease at 555 Greenwich+345 Hudson. Described by Fast Company as “New York’s most energy-efficient new office building,” 555 Greenwich has garnered industry acclaim for its innovative sustainability system and full electrification to eliminate the on-site use of fossil fuels resulting in 80% less energy usage than similar structures in Manhattan.

"Hines is strategically broadening our New York City office footprint to represent our growth in this unparalleled financial hub –as we have similarly recently done in key locations such as London, Singapore, and our headquarters in Houston,” said David Steinbach, Global Chief Investment Officer at Hines. “We eagerly anticipate revealing our premier office to investors, partners – and most notably, our valued employees.”

Currently occupying over 17,000 square feet on the 12th floor of 345 Hudson, Hines will expand its footprint by an additional 15,000 square feet into the adjacent 555 Greenwich, which was recently completed and now seamlessly connects to 345 Hudson via a horizontal overbuild. Situated in the Hudson Square neighborhood, the former printing district, with its distinctive architecture, has transformed into a vibrant hub for innovation, tech, and creativity. With companies like Google and Disney committing to new headquarters in the area, proximity to transit and the waterfront, and a growing residential population, Hudson Square is representative of a thriving mixed-use downtown neighborhood.

“Hines’ expansion at 555 Greenwich+345 Hudson demonstrates our conviction that this building and the Hudson Square neighborhood represent the future of the workplace,” said Sarah Hawkins, CEO of East Region at Hines. “We are proud that our office will showcase our commitment to architecture, and sustainability, and will provide a next-generation work environment to our employees in the most dynamic neighborhood in New York City.”

Designed by the award-winning COOKFOX Architects, the combined 555 Greenwich+345 Hudson complex will boast one-of-a-kind amenities including 25,000 square feet of private outdoor space via 10 outdoor terraces and one 8,000-square-foot communal garden terrace; natural light via floor-to-ceiling windows; breathtaking views of the city and Hudson River; communal workspaces; art installations; event and conferencing space; a casual lounge; food and beverage offerings; and a fitness and wellness center. The development also features a dedicated outdoor air system (DOAS), a unique geothermal energy supply, and an integrated heating system that utilizes AI to move heat between floors. It is on track to achieve LEED Platinum status, one of the industry’s highest ratings for sustainability.

555 Greenwich+345 Hudson is part of the Hudson Square Properties portfolio, a joint venture of Trinity Church Wall Street, Norges Bank Investment Management, and Hines, consisting of 13 office buildings across approximately six million square feet of commercial space.

For additional information, please visit: 555Greenwich-345Hudson.com.

About Hines

Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 30 countries. We manage a $93.2B¹ portfolio of high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 857 properties totaling over 270 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.

¹Includes both the global Hines organization as well as RIA AUM as of December 31, 2023.

About Trinity Church Wall Street

Trinity Church Wall Street is a vibrant and growing Episcopal parish of more than 1,600 members. Over the past 325 years, Trinity has been guided by its mission to share God’s love for all people. Trinity’s programs seek to offer shared encounters with the holy, to cultivate compassion, to deepen knowledge and spiritual practices, to work for justice rooted in essential human dignity, to provide places of solace and healing, and to inspire a desire in all people to be conscientious contributors to the life of New York City and the world. More than 20 worship services are offered every week online and at historic Trinity Church and St. Paul’s Chapel, the cornerstones of the parish’s community life, worship, and mission are offered weekly online at trinitywallstreet.org and at historic Trinity Church and St. Paul’s Chapel.

About Norges Bank Investment Management

Norges Bank Investment Management manages approximately $28 billion in direct real estate investments on behalf of the Norwegian Government Pension Fund Global, totaling $1,600 billion of assets across equity, fixed income, real estate, and unlisted renewable infrastructure. The fund’s mission is to safeguard financial wealth for future generations. Norges Bank Investment Management continues to invest in three target asset classes –office, retail, and logistics. Investments in office and retail are focused across a limited number of global cities in Europe, the US and Asia that have key fundamentals including transparency, liquidity, supply restrictions and the potential for economic growth. Investments in logistics are located across Europe and the US with a strategic focus on proximity to large metropolitan markets and key global distribution networks. The fund owns direct real estate investments totaling nearly 800 assets across 13 countries. In the US, the fund owns direct real estate investments across 22 million square feet of office and retail properties in New York City, Boston, Washington DC, and San Francisco. Visit https://www.nbim.no/ for more information.