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Online Network Uploads to Hudson Square

NEW YORK CITY-Waterfront Media is moving into Trinity Real Estate's 345 Hudson St. in a nine-year deal for 38,000 square feet.

By Paul Bubny | Updated on October 01, 2009

NEW YORK CITY-Online health media company Waterfront Media is moving across the East River into Hudson Square. The company has signed a nine-year, 38,000-square-foot lease at 345 Hudson St., a larger space than its current headquarters at 45 Main St. in Brooklyn.

The first four years of Waterfront’s occupancy at on the 16th floor at 345 Hudson will be a sublease from Wolters Kluwer subsidiary CT Corp., according to a release from Cushman & Wakefield. The remainder will be a direct lease from landlord Trinity Real Estate. Lease terms were not disclosed; comparable rents in Hudson Square range from the mid-to-high $50s per square foot.

Mitti Liebersohn, EVP at C&W, says in a release that the Hudson Square area offers “the ideal location for a modern, media-centric company like Waterfront Media.” He adds that the floor plan at 345 Hudson is “highly conducive” to a creative environment, “and will go a long way in attracting talent to this growing company.” The 345 Hudson space is about one-third larger than its Brooklyn location of 28,000 square feet.

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