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Two Firms Tapped for Hudson Square Portfolio Agency

NEW YORK CITY—The real estate services firms were selected by property owners Trinity Church Wall Street and Norges Bank Real Estate Management, and praised by Hines, the asset manager.

By Rayna Katz | Updated on October 19, 2016
One Hudson Square NGKF will be the leasing agent for four properties in the southern portion of Hudson Square, including 1 Hudson Sq.

NEW YORK CITY—Property owners Trinity Church Wall Street and Norges Bank Real Estate Management have tapped CBRE Group and Newmark Grubb Knight Frank exclusive leasing agents for nine of the 11 buildings in its Hudson Square portfolio of office and retail property. The remaining two properties—200 Hudson St. and 12-16 Vestry St.—are fully leased with no impending vacancy.

Asset manager Hines, on behalf of ownership, says the appointment of the two firms will enable the five million-square-foot portfolio to benefit from diverse expertise and breadth, expanding reach for the marketing of the properties. Hines also notes that, when combined, CBRE and NGKF are responsible for more than two-thirds of all leasing activity in the Hudson Square market.

“These teams are complementary and collegial, and together they bring formidable talent and market knowledge to their assignments,” says Tommy Craig, senior managing director, Hines. “Ownership views these properties as a unified portfolio, but the market will recognize each building for its particular assets and opportunities. CBRE and NGKF will help the market understand every floor, every space and every option that these assets offer. It’s a large assignment—even in half.”

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