Publicis Groupe Signs Lease for Renewal and Expansion of Offices at 375 Hudson

Largest lease signed since the formation of Hudson Square Properties JV

(NEW YORK) – Publicis Groupe has signed a 960,000-square-foot lease at 375 Hudson Street comprising a renewal of its existing 680,000-square-foot premises and an additional 280,000 square feet. The 20-year lease is the largest, longest-term deal signed in the portfolio since the formation of the Hudson Square Properties joint venture in 2016.

Publicis’ existing lease expires in early 2023. The expansion space term will commence in August 2019. The deal was announced by operating partner Hines on behalf of a joint venture between Trinity Church Wall Street (“Trinity”) and Norges Bank Real Estate Management (“Norges”).  

The Rev. Dr. William Lupfer, Rector of Trinity, said, “For more than 300 years, Trinity has been dedicated to building neighborhoods. We’re excited that Publicis – an innovative, growing company that was among the first creative tenants in Hudson Square – has extended its commitment to this vibrant and growing area of the city, which has become a hub for leading-edge media, advertising, and technology companies.”

He added, “The returns from long-term transactions such as this support Trinity’s mission in serving New York City, with our particular focus on issues of racial justice and housing and homelessness. The transaction also reflects the strong stewardship and proactive approach that the Trinity/Norges/Hines joint venture brings to its tenants.”

Tommy Craig, head of Hines’ Tri-State office commented, “Publicis has been in Hudson Square for more than 30 years and we are very proud that they have chosen to not only stay at 375 Hudson, but to expand their commitment to the building and the neighborhood.”

375 Hudson, which was built in 1987, is one of 12 assets in the Hudson Square Properties joint venture. Saatchi & Saatchi PLC, which was purchased by Publicis in 2000, was an original tenant of the building. While Trinity has owned the land for more than 300 years, the joint venture acquired the asset in August 2017 from Tishman Speyer, the original developer of the building.    

Spanning the full block from King to West Houston Streets, 375 Hudson is near the Houston Street 1-train station and Hudson River Park. With the Publicis lease, the office portion of the 1,100,000-square-foot building is now 100% leased and will soon be 100% occupied.

Howard Fiddle, Paul Amrich, and Ben Joseph of CBRE represented ownership and the tenant was represented by John Maher, Paul Myers, Mike Wellen, Greg Maurer-Hollaender and Cara Chayet of CBRE. Richard Bernstein, Adam Ardise, Eric Thomas and Stephen Bellwood of Cushman and Wakefield represented a tenant in the building in the disposition of their 280,000-square-foot premises at 375 Hudson Street to accommodate Publicis Group’s expansion.

About Publicis Groupe

Publicis Groupe SA (Publicis) is a French advertising, communications, marketing and public relations company. The company is comprised of numerous affiliates, including Leo Burnett, Saatchi & Saatchi, Publicis New York, Glickman Shamir Samsonov, and BBH in the advertising space; Starcom Mediavest Group and Zenith Optimedia in the media space; Razorfish and Sapient in the technology space; and multiple smaller specialized agencies. The company is headquartered in Paris, France and was founded in 1926.

About Hudson Square Properties

Hudson Square Properties is a joint venture between property owner and majority partner Trinity Church Wall Street and Norges Bank Real Estate Management, managed by operating partner Hines. The portfolio comprises 12 properties totaling six million square feet of commercial space in Manhattan’s Hudson Square neighborhood: 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 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.

Contact Hines

Headquarters

Global Headquarters

2800 Post Oak Blvd.
Houston, TX 77056-6188
United States
713 621 8000
Contact Hines

European Headquarters

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900
44 20 7292 1901 fax

Regional Offices

U.S. East Region

345 Hudson Street
12th Floor
New York, NY 10014
United States
212 230 2300

U.S. Midwest Region

444 West Lake Street
Suite 2400
Chicago, IL 60606
United States
312 419 4900

U.S. Southeast Region

5 Ravinia Dr NE
Atlanta, GA 30346
United States
770 206 5300
770 206 5325 fax

U.S. Southwest Region

609 Main St.
Suite 2400
Houston, TX 77002
United States
713 237 5600

U.S. West Region

101 California Street
Suite 1000
San Francisco, CA 94111-5894
United States
415 982 6200
415 398 1442 fax

Asia Pacific Region

1 Connaught Road, 28F
Central, Hong Kong

Eurasia Region

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

European Region

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900
44 20 7292 1901 fax

International Offices

Australia

20 Hunter St
Level 10
Sydney, NSW 2000
Australia
61 2 9232 3137

Brazil

Av. das Nações Unidas, 12901
Torre Norte - 6 ° andar
São Paulo 04578-910
Brazil
55 11 5504 7600

Canada

200 King Street West
Suite 1805
Toronto, ON M5H 3T4
Canada
416 595 1949

China

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Beijing, PRC 100027
China
8610 8453 8855
8610 8453 9866 fax

France

66 Avenue Charles de Gaulle
Neuilly-sur-Seine, IDF 92522
France
33 1 41 45 80 80
33 1 41 45 80 81 fax

Germany

Hines Immobilien GmbH
Joachimsthaler Str. 1
D - 10623 Berlin
Germany
49 30 726241 100
49 30 726241 109 fax

Greece

Voukourestiou 19
Athens 106 71
Greece
30 210 364 7895

India

One Horizon Center
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Gurgaon, Haryana 122002
India
91 124 480 2222

Ireland

Block 2, First Floor
Clanwilliam House, Clanwilliam Place
Dublin 2
Ireland
353 1 7999900
353 1 7 999931 fax Dublin.OfficeAdmin@hines.com

Italy

Via Broletto, 35
Milan 20121
Italy
0039 02 8962921

Japan

Akasaka K Tower Level 4
1-2-7 Motoakasaka, Minato-ku
Tokyo 107-0051
Japan
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Luxembourg

35 F, John F. Kennedy
Luxembourg L-1855

352 264 337 1
352 264 337 37 fax

Mexico

Torre del Angel
Reforma 350
Mexico D.F. 06600
Mexico
52 55 52428809

The Netherlands

Gustav Mahlerplein 28
Amsterdam, NH 1082 MA
Netherlands
31 6 30 70 81 29

Nordic Countries

Forbindelsesvej 4
Copenhagen 2100
Denmark
44 7815 285 191

Panama

Torre B Piso 15
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Panama
507 028 20 7375
507 300 99 75 fax

Poland

Prosta Street 68
Warsaw 00-838
Poland
48 22 351 2400
48 22 351 2401 fax

Russia

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00
7 495 785 05 10 fax

Spain

Sor Ángela de la Cruz, 2° - 2° C
Edificio Cuzco III
Madrid 28020
Spain
34 91 703 00 23
34 91 359 89 71 fax

South Korea

Glass Tower, Level 20
534 Teheran-ro, Gangnam-gu
Seoul 06181
Republic of Korea
82 2 3439 9141

United Kingdom

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900
44 20 7292 1901 fax