Havas is the building's anchor tenant. The lease renewal is was part of a five-year renewal option built into the previous lease.
"Today, creative firms make Hudson Square their neighborhood of choice, but Havas, always an innovator, has been a vital presence in Hudson Square since the 1980's," says Carl Weisbrod, president of Trinity Real Estate, in a statement. "We are thrilled that one of our pioneering office tenants has chosen to remain and grow in dynamic and flourishing Hudson Square."
Terms of the lease were not released, but the building's asking rent is around $40 per sf. Newmark Knight Frank's Scott Panzer and CB Richard Ellis' CBRE's Gerald Friedman, Mary Ann Tighe and Gregory Tosko co-brokered for Havas. Trinity Real Estate was represented in-house by Jason Pizer.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.