August 18, 2017
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.
For comments, questions or concerns, please contact Dennis Kaiser