375 Hudson St. features 17 floors of office space, ground floor retail space, a gym and rooftop outdoor running track, 46,000 square feet of storage space as well as a two-level, 100-space parking garage. The office space at the property is currently 100% leased. The property is anchored by Saatchi & Saatchi, which occupies more than 62% of the space.

“375 Hudson presented lenders with an institutional Class A asset at an attractive basis, credit tenancy, and the highest quality sponsorship with a long history at the property. Goldman's ability to offer both long term financing along with a great deal of flexibility aligned them as the best partner for the transaction,” says John Alascio, dxecutive Director in Cushman & Wakefield's Equity, Debt & Structured Finance group.

In 2015, Norges Bank Investment Management acquired a 44% interest in an 11 building portfolio in Hudson Square from Trinity Wall Street Episcopal Church in a deal valued at $1.56 billion.

Tishman Speyer reported in August 2010 that 375 Hudson St. was awarded the LEED Gold for existing office buildings designation by the U.S. Green Building Council. The 19-story property was the first existing office building in New York City to achieve Gold status through environmentally friendly improvements and retrofits at that time.

NEW YORK CITY—Trinity Wall Street, the real estate arm of Trinity Wall Street Episcopal Church, has secured $400 million in acquisition financing for the purchase of the leasehold interest of 375 Hudson St. in Soho.

The 19-story 1.08-million-square-foot office building was constructed in 1987. Trinity Wall Street secured $400 million in acquisition financing from affiliates of Goldman Sachs Mortgage Co. for the purchase of the leasehold interest at the property from Tishman Speyer Co.

At press time, officials with Trinity Wall Street and Tishman Speyer could not be reached for comment. A source close to Trinity Wall Street confirmed the financing deal and purchase agreement with Tishman Speyer to Globest.com. The source did not disclose any financial details of the transaction. A report in the Real Deal states that the term of the financing was 10 years and that Trinity Church already owns the property underneath the building.

The financing for the acquisition was reported by Cushman & Wakefield, which served as the exclusive advisor to Trinity Wall Street in securing the senior mortgage funding. A Cushman & Wakefield Equity, Debt and Structured Finance team of Steve Kohn, John Alascio, Alex Hernandez, Chris Moyer and Alex Lapidus represented Trinity Wall Street in the deal.

375 Hudson St. features 17 floors of office space, ground floor retail space, a gym and rooftop outdoor running track, 46,000 square feet of storage space as well as a two-level, 100-space parking garage. The office space at the property is currently 100% leased. The property is anchored by Saatchi & Saatchi, which occupies more than 62% of the space.

“375 Hudson presented lenders with an institutional Class A asset at an attractive basis, credit tenancy, and the highest quality sponsorship with a long history at the property. Goldman's ability to offer both long term financing along with a great deal of flexibility aligned them as the best partner for the transaction,” says John Alascio, dxecutive Director in Cushman & Wakefield's Equity, Debt & Structured Finance group.

In 2015, Norges Bank Investment Management acquired a 44% interest in an 11 building portfolio in Hudson Square from Trinity Wall Street Episcopal Church in a deal valued at $1.56 billion.

Tishman Speyer reported in August 2010 that 375 Hudson St. was awarded the LEED Gold for existing office buildings designation by the U.S. Green Building Council. The 19-story property was the first existing office building in New York City to achieve Gold status through environmentally friendly improvements and retrofits at that time.