{"id":1004697276,"date":"2024-01-11T02:55:22","date_gmt":"2024-01-11T10:55:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004697276"},"modified":"2024-01-12T06:18:06","modified_gmt":"2024-01-12T14:18:06","slug":"hines-jv-signs-lease-expansion-in-manhattan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-jv-signs-lease-expansion-in-manhattan\/","title":{"rendered":"Hines JV Signs Lease Expansion in Manhattan"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a10a7190a9a9&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004697277\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hines-jv-signs-lease-expansion-in-manhattan\/200-hudson-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/200-Hudson-St-e1704957687551.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" 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;\\u00a9 Yardi Systems, Inc.&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=\"200 Hudson St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;200 Hudson St is LEED Gold certified. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/200-Hudson-St-e1704957687551.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/200-Hudson-St.jpg?w=300\" alt=\"200 Hudson St\" class=\"wp-image-1004697277\"\/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The office building at 200 Hudson St. is LEED Gold certified. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Jewelry brand <strong>David Yurman <\/strong>has renewed and expanded its headquarters lease to 150,000 square feet at 200 Hudson St. in Manhattan. The landlord is <strong>Hudson Square Properties<\/strong>, a partnership between <strong>Trinity Church Wall Street, Norges Bank Investment Management <\/strong>and <strong>Hines<\/strong>. <strong>CBRE <\/strong>and <strong>Wiggin and Dana<\/strong> negotiated the deal on behalf of the tenant, while <strong>Newmark <\/strong>and <strong>Loeb &amp; Loeb <\/strong>represented the owner.<\/p>\n\n\n\n<p>David Yurman has been on the Tribeca building&#8217;s roster since 2002, when it leased 65,000 square feet across two and a half floors; the firm later expanded to 118,500 square feet, according to <em>Commercial Observer<\/em>. This new transaction marks a 25 percent footprint growth. <\/p>\n\n\n\n<p>The jewelry brand&#8217;s headquarters include a separate entrance, with a dedicated lobby and elevators. Other tenants at the LEED Gold-certified property include Steelcase and French conglomerate Hamas Media.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/office-trends-in-2024-how-much-will-the-sector-change\/\">Office Trends in 2024: How Much Will the Sector Change?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Completed in 1927 and renovated in 1982, the 380,971-square-foot building features floorplates ranging from 32,140 to 32,243 square feet and 13,000 square feet of retail. Rising 12 stories at 200 Hudson St. in Lower Manhattan, the property is within walking distance of numerous subway lines.<\/p>\n\n\n\n<p>Nichole Cortese, chair of Commercial Real Estate Leasing at Loeb &amp; Loeb, worked together with Newmark Vice Chairman Peter Shimkin in assisting Hudson Square. The tenant was represented by CBRE CEO Mary Ann Tighe and Vice Chairman Ken Meyerson, along with Senior Vice President Ariel Ball, Senior Financial Analyst Ali Gordon and First Vice President Alex Leopold, as well as Wiggin and Dana Partner Robyn Abbate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-manhattan-listing-rates-decrease\">Manhattan listing rates decrease<\/h2>\n\n\n\n<p>As of November, Manhattan maintained its position as the priciest market in the U.S. with listing rates clocking in at $71, down 5.3 percent year-over-year, according to <a href=\"https:\/\/www.commercialsearch.com\/news\/office-sector-faces-surging-loan-defaults-amidst-market-challenges\/\">a recent CommercialEdge report<\/a>. Meanwhile, the vacancy rate reached 17.4 percent in the borough, marking a 2.5 percent increase over 12 months. However, the index remained below the national figure of 18.2 percent.<\/p>\n\n\n\n<p>Manhattan&#8217;s largest office deal of last year was a law firm&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/fisher-brothers-jv-closes-largest-office-lease-of-2023\/\">765,000-square-foot lease<\/a> at a 2 million-square-foot office building in Midtown. Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP&nbsp;will relocate its headquarters to 18 floors of the 50-story tower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A jewelry brand grew its headquarters footprint to 150,000 square feet.<\/p>\n","protected":false},"author":3120,"featured_media":1004697277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[32789,32797,50999,45452,46271],"class_list":["post-1004697276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-hines","tag-newmark","tag-norges-bank-investment-management","tag-trinity-church-wall-street"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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