August 18, 2017 Comments Off on $400M Acquisition Financing Arranged for Manhattan’s 375 Hudson Views: 1117 National News, Top National Stories

$400M Acquisition Financing Arranged for Manhattan’s 375 Hudson

Cushman & Wakefield arranged $400 million in financing on behalf of Trinity Wall Street for the acquisition of 375 Hudson Street, a 19-story office and retail building located in Manhattan’s Hudson Square. The senior mortgage financing was provided by affiliates of Goldman Sachs Mortgage Company.

Constructed in 1987, the nearly 1.1-million-square-foot asset is located in a highly desirable, live/work/play neighborhood and offers breathtaking views of the Hudson River, New York Harbor, Downtown and Midtown Manhattan skylines.

The building’s 17 floors of office space currently are 100% leased and anchored by Saatchi & Saatchi, which occupies more than 62% of the space. There’s also prime 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

Cushman & Wakefield’s Steve Kohn, John Alascio, Alex Hernandez, Chris Moyer and Alex Lapidus represented the borrower.

Connect With Cushman & Wakefield’s Kohn

Connect With Trinity Wall Street


Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , ,

Comments are closed.