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.”
CBRE will serve as exclusive marketing agent for five buildings located in the northern end of Hudson Square, including 10 Hudson Sq., 225 Varick St., and 345, 350 and 435 Hudson St. Vice chairmen Howard Fiddle and Paul Amrich, along with SVP Joan Meixner, will lead the CBRE team on this assignment.
Meanwhile, NGKF will be exclusive leasing agent for four properties located in the southern portion of Hudson Square, including 1 Hudson Sq., 100 and 155 Ave. of the Americas, and 205 Hudson St. David Falk, president New York tri-state region, and Peter Shimkin, executive managing director of NGKF will head the office leasing assignment.
In addition, NGKF will serve as exclusive leasing agent for retail space throughout the entire portfolio. Mitchell Friedel, EVP of NGKF will direct this assignment.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
