Hines — a Houston-based real estate investor and developer — is expanding its Hudson Square presence by connecting its existing, 17,000-square-foot office space on the 12th floor of 345 Hudson St. to an additional 15,000 square feet in the adjacent building at 555 Greenwich St. This 12-year lease expansion is part of a joint venture with Trinity Church Wall Street and Norges Bank Investment Management. Hines developed and owns both properties.
The deal was brokered by CBRE’s Paul Amrich, Howard Fiddle, Neil King, Zac Price and Ben Joseph.
Construction of the complex began in 2021 and was completed in October 2023.
The combined 555 Greenwich-345 Hudson complex boasts a variety of high-end features designed by COOKFOX Architects. For instance, tenants will enjoy an abundance of natural light through floor-to-ceiling windows, as well as breathtaking city and Hudson River views. They’ll also have access to communal workspaces; art installations; event and conference space; a casual lounge; food and beverage options; and a fitness and wellness center.
Notably, sustainability is a major focus of the development with a dedicated outdoor air system (DOAS), a unique geothermal energy supply and an integrated heating system that utilizes AI for heat distribution. The complex is also on track to achieve LEED Platinum status — a prestigious recognition for its environmentally friendly design.
“Hines’ expansion at 555 Greenwich-345 Hudson demonstrates our conviction that this building and the Hudson Square neighborhood represent the future of the workplace,” said Sarah Hawkins, CEO of East Region at Hines. “We are proud that our office will showcase our commitment to architecture and sustainability and will provide a next-generation work environment to our employees in the most dynamic neighborhood in New York City.”
“Hines is strategically broadening our New York City office footprint to represent our growth in this unparalleled financial hub, as we have similarly recently done in key locations, such as London, Singapore and our headquarters in Houston,” said David Steinbach, global chief investment officer at Hines. “We eagerly anticipate revealing our premier office to investors, partners and, most notably, our valued employees.”
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