{"id":1004135908,"date":"2016-01-29T06:06:56","date_gmt":"2016-01-29T14:06:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004135908"},"modified":"2021-05-15T06:49:01","modified_gmt":"2021-05-15T14:49:01","slug":"10-hudson-yards-lands-last-corporate-tenant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/","title":{"rendered":"10 Hudson Yards Lands Last Corporate Tenant"},"content":{"rendered":"<p>By Gail Kalinoski, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards.png\"><img decoding=\"async\" data-attachment-id=\"1004135915\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/10hudsonyards\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards.png\" data-orig-size=\"800,517\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"10HudsonYards\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards.png?w=800\" loading=\"lazy\" class=\"alignright size-medium wp-image-1004135915\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards.png\" alt=\"10HudsonYards\" width=\"300\" height=\"194\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards.png?resize=300,194 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards.png?resize=768,496 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The first office tower in the $20 billion Hudson Yards development on Manhattan\u2019s Far West Side will open in the spring with a full roster of tenants, now that <a href=\"https:\/\/www.intersection.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Intersection<\/a> and <a href=\"https:\/\/www.sidewalklabs.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Sidewalk Labs<\/a> have taken the last big block of space in the 52-story skyscraper for their corporate headquarters.<\/p>\n<p>Intersection, formed in 2015 from a merger of Control Group and Titan, and its lead investor, Sidewalk Labs, leased more than\u00a067,000 square feet on the 26th\u00a0and 27th\u00a0floors of the 1.8 million-square-foot tower at 30th\u00a0Street and 10th<sup>\u00a0\u00a0<\/sup>Avenue. They join Coach Inc., L\u2019Oreal USA, SAP, Boston Consulting Group and VaynerMedia at the tower, the first of three office buildings being constructed by <a href=\"https:\/\/www.related.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Related Cos.<\/a> and <a href=\"https:\/\/www.oxfordproperties.com\/corp\/Web\/Default.aspx\" target=\"_blank\" rel=\"nofollow noopener\">Oxford Properties Group<\/a>. The 28-acre site will eventually include 17 million square feet of commercial and residential space, a park, cultural area, luxury hotel, fitness club and public school.<\/p>\n<p>Intersection and Sidewalk Labs were represented in the lease transaction by Michael Laginestra, Rocco Laginestra, Chris Corrinet and Chris Hogan of <a href=\"https:\/\/www.cbre.com\/\" target=\"_blank\" rel=\"nofollow noopener\">CBRE<\/a>. Related and Oxford were represented by Robert Alexander of CBRE and Stephen Winter of Related.<\/p>\n<p>The urban innovation companies fit in with the tech-heavy tenant list at 10 Hudson Yards. As <a href=\"https:\/\/www.commercialsearch.com\/news\/20b-hudson-yards-already-a-tech-haven\/\" target=\"_blank\" rel=\"noopener\">CPE previously reported<\/a>,\u00a0VaynerMedia, a social media-first digital agency signed on for 88,000 square feet in October. SAP, a leading enterprise software applications company, was one of the first tenants announced for the property.<\/p>\n<p>For Sidewalk Labs CEO and Intersection Chairman Dan Doctoroff moving the corporate headquarters to Hudson Yards brings him full circle in his efforts to redevelop Manhattan\u2019s Far West Side. As deputy mayor in the Bloomberg administration, Doctoroff lobbied for a stadium to be built in the area as part of a bid to bring the 2012 Olympics to New York City. The Olympics went to London and the stadium was never built, but Doctoroff played an important role in rezoning the area where mega mixed-use projects like Hudson Yards and Brookfield Property\u2019s Manhattan West are now being developed, creating a new neighborhood and changing the city\u2019s skyline.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards2.png\"><img decoding=\"async\" data-attachment-id=\"1004135916\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/10hudsonyards2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards2.png\" data-orig-size=\"600,388\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"10HudsonYards2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards2.png?w=600\" loading=\"lazy\" class=\" size-medium wp-image-1004135916 alignleft\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards2.png\" alt=\"10HudsonYards2\" width=\"300\" height=\"194\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards2.png 600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards2.png?resize=300,194 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>\u201cOur focus is on using technology to improve life in cities,\u201d Doctoroff said of Sidewalk Labs and Intersection. \u201cAs a leading, data-driven, connected neighborhood, Hudson Yards is the perfect fit for us. 10 Hudson Yards is not only a technologically advanced home, but Hudson Yards more broadly will give us the opportunity to work with Related, visitors, residents and businesses there to explore how creative use of data and technology can make it an even greater place to work, visit and live. Moving here will also mark a milestone for me. The effort to turn this neighborhood into an engine of growth for New York City has been a personal mission for me for 20 years and it is very exciting to see that dream becoming a reality.\u201d<\/p>\n<p>The lease marked a milestone for Related and Oxford: both <a href=\"https:\/\/www.hudsonyardsnewyork.com\/office\/10-hudson-yards\/availabilities\" target=\"_blank\" rel=\"nofollow noopener\">10 Hudson Yards<\/a> and 30 Hudson Yards are fully committed. The only space left at 10 Hudson Yards is considered expansion space for tenants, a Related spokesperson told CPE. <a href=\"https:\/\/www.kkr.com\/\" target=\"_blank\" rel=\"nofollow noopener\">KKR &amp; Co. LLP<\/a> is buying the top 10 floors at 30 Hudson Yards. The 90-story, 2.6 million-square-foot skyscraper will also be home to Wells Fargo Securities and Time Warner, which will own 1.5 million square feet in the tower. Related and Oxford closed on over <a href=\"https:\/\/www.commercialsearch.com\/news\/30-hudson-yards-closes-5b-in-financing\/\" target=\"_blank\" rel=\"noopener\">$5 billion in financing<\/a> for 30 Hudson Yards, as well as the 1 million-square-foot Shops and Restaurants at Hudson Yards in December.<\/p>\n<p>The third office tower, the 51-story, 1.3 million-square-foot 55 Hudson Yards, has already signed litigation powerhouse Boies, Schiller &amp; Flexner as a tenant.<\/p>\n<p>Foundation work is nearly done on the first residential building, the 70-story, 960,000-square-foot 15 Hudson Yards, which received <a href=\"https:\/\/www.commercialsearch.com\/news\/related-oxford-close-financing-for-hudson-yards-tower\/\" target=\"_blank\" rel=\"noopener\">$1.3 billion in financing<\/a> in November to finance its construction. The site\u2019s 70-story, 1.1 million-square-foot mixed-used tower, 35 Hudson Yards, will have 137 for-sale residences, a 200-room Equinox luxury hotel, an Equinox fitness club and spa, office space and ground-floor retail.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Related and Oxford&#8217;s $20 billion development is now fully committed with Intersection and Sidewalk Labs&#8217; purchase of the last big block of space at the skyscraper for its corporate headquarters.<\/p>\n","protected":false},"author":1068,"featured_media":1004135915,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21808,1600,21742,10,21747],"tags":[],"class_list":["post-1004135908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-featured","category-new-york","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10 Hudson Yards Lands Last Corporate Tenant - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 Hudson Yards Lands Last Corporate Tenant\" \/>\n<meta property=\"og:description\" content=\"Related and Oxford&#039;s $20 billion development is now fully committed with Intersection and Sidewalk Labs&#039; purchase of the last big block of space at the skyscraper for its corporate headquarters.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-29T14:06:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T14:49:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"517\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/\",\"name\":\"10 Hudson Yards Lands Last Corporate Tenant - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards.png\",\"datePublished\":\"2016-01-29T14:06:56+00:00\",\"dateModified\":\"2021-05-15T14:49:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/10HudsonYards.png\",\"width\":800,\"height\":517},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-lands-last-corporate-tenant\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"10 Hudson Yards Lands Last Corporate Tenant\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. 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