Key Takeaways
- • Hines serves as operating partner for a joint venture with Trinity Church Wall Street and Norges Bank Real Estate Management, selected in 2016 to run a portfolio of 13 office buildings in Hudson Square.
- • The joint venture portfolio totals approximately 6 million square feet of commercial space in the Hudson Square neighborhood of Manhattan.
- • Most buildings were originally constructed in the early 1900s as printing facilities and have been redeveloped into office space for creative industries and businesses.
- • CBRE serves as landlord agent for the joint venture on office leasing.
- • Four properties (155 Avenue of the Americas, 75 Varick, 205 Hudson Street, and 435 Hudson Street) are members of The SQ Collection, a Hines-branded network of offices, coworking spaces, and amenities.
Summary
Hines has been operating partner since 2016 for a joint venture with Trinity Church Wall Street and Norges Bank Real Estate Management covering 13 office buildings in Hudson Square, according to the joint venture's property profile. The portfolio comprises approximately 6 million square feet of commercial space.
The joint venture properties include 12-16 Vestry Street, 200 Hudson Street, 205 Hudson Street, 75 Varick Street, 100 Avenue of the Americas, 155 Avenue of the Americas, 345 Hudson Street, 350 Hudson Street, 375 Hudson Street, 160 Varick Street, 225 Varick Street, 435 Hudson Street, and 555 Greenwich. Most of the buildings were originally built in the early 1900s to house printing presses. The joint venture has since redeveloped them into a hub for creative industries and businesses attracted by the neighborhood's energy and flexible space.
CBRE acts as landlord agent for the joint venture on office leasing. Four properties, 155 Avenue of the Americas, 75 Varick, 205 Hudson Street, and 435 Hudson Street, participate in The SQ Collection, which gives tenants access to a network of offices, coworking spaces, outdoor terrace event spaces, and amenities across the Hines portfolio.
The joint venture properties include 12-16 Vestry Street, 200 Hudson Street, 205 Hudson Street, 75 Varick Street, 100 Avenue of the Americas, 155 Avenue of the Americas, 345 Hudson Street, 350 Hudson Street, 375 Hudson Street, 160 Varick Street, 225 Varick Street, 435 Hudson Street, and 555 Greenwich. Most of the buildings were originally built in the early 1900s to house printing presses. The joint venture has since redeveloped them into a hub for creative industries and businesses attracted by the neighborhood's energy and flexible space.
CBRE acts as landlord agent for the joint venture on office leasing. Four properties, 155 Avenue of the Americas, 75 Varick, 205 Hudson Street, and 435 Hudson Street, participate in The SQ Collection, which gives tenants access to a network of offices, coworking spaces, outdoor terrace event spaces, and amenities across the Hines portfolio.
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