Cable JV Stays in Hudson Square

NEW YORK CITY-In Demand LLC, a joint venture of three cable television providers, has renewed its lease for 46,232 square feet at 345 Hudson St. Owned by Comcast In Demand Holdings, Cox Communications Holdings, Inc. and Time Warner Entertainment–Advance/Newhouse Partnership, the JV is the second major media tenant in about a month to renew in Hudson Square.

The lease for the entire 17th floor at the 900,000-square-foot 345 Hudson–located between Charlton and King streets–is for five years, according to a release from Cushman & Wakefield, which arranged the deal. Asking rents were not disclosed; comparable spaces in the area have gotten rents in the high $40s and low $50s.

“In Demand was very pleased to remain in its long-time offices at 345 Hudson Street,” says Michael Burlant, a senior director at C&W, in a release. “The space offers great views and is in one of the best buildings in the Hudson Square submarket.” Burlant and C&W executive director Dale Schlather spoke for In Demand in negotiations with Trinity Real Estate, the building’s owner. The tenant is a provider of video-on-demand and pay-per-view programming.