David Yurman — a luxurious jewellery model working throughout 350 areas in america, Canada and France — is increasing its presence inside the Tribeca neighborhood: The corporate introduced the renewal and growth of its lease at 200 Hudson St. for a further 15 years. David Yurman will even develop its total footprint to 150,000 sq. ft inside the 12-story constructing.
Positioned on the intersection of Hudson and Sacristy streets, the 381,000-square-foot property was initially accomplished in 1927 and is at the moment a part of an prolonged portfolio of Manhattan workplace areas collectively owned and managed by a enterprise of Trinity Church Wall Road, Norges Financial institution Funding Supervisor and Hines working underneath the moniker of Hudson Sq. Properties.
Negotiations have been dealt with by Newmark’s Peter Shimkin and David Falk on behalf of the owner, whereas CBRE’s Mary Ann Tighe, Ken Meyerson, Ariel Ball, Alex Leopold and Ali Gordon labored on the deal for David Yurman.
Whereas details about the lease value has not been disclosed to this point, the asking fee on the neighboring 205 Hudson St. (additionally owned by Hudson Sq. Properties) is within the mid-$60s per sq. foot.
“David Yurman’s continued dedication to the neighborhood is a testomony to the enduring attraction of Hudson Sq. and Tribeca as a dynamic hub for main artistic corporations, notably vogue and retail manufacturers,” Hines’ Doug Goldhill stated. “We’re thrilled to proceed our long-standing relationship with the model, adapting to their progress and the altering panorama of in-person work to supply an area that completely meets their wants transferring ahead.”
David Yurman first moved into the Hudson Sq. constructing in 2002, when it inked a lease for 65,000 sq. ft throughout 2.5 flooring. A couple of years later, the corporate expanded its headquarters by one other 53,500 sq. ft. Lastly, following this most up-to-date deal, the corporate tacked on an additional 32,200 sq. ft.
The tenant roster at 200 Hudson already contains the likes of workplace furnishings producer Steelcase, in addition to advert agency Havas.
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