The corporate signed an 8-year lease renewal on the Hudson Sq. property.
Medidata Options has signed a lease renewal with Hudson Sq. Properties—a three way partnership between Trinity Church Wall Road, Norges Financial institution Funding Administration and Hines—on the 324,000-square-foot 350 Hudson in Manhattan.
The life science software program firm will proceed to occupy 177,000 sq. toes of workplace area on the property by means of 2030. CBRE represented the owner, whereas JLL assisted the tenant within the negotiations.
Medidata signed its first lease at 350 Hudson, for 100,000 sq. toes, 10 years in the past. Now the corporate anchors the highest 5 flooring of the constructing, getting access to a non-public terrace area.
Positioned at 350 Hudson St., the nine-story workplace constructing got here on-line in 1930 and was fully renovated in 2010, in line with CommercialEdge information. As well as, the proprietor not too long ago carried out extra enhancements to the constructing’s exterior and floor flooring. The property additionally consists of 16,000 sq. toes of retail.
CBRE Vice Chairman Paul Amrich represented Hudson Sq. Properties, whereas JLL Vice Chairman Lisa Kiell and Government Vice President Gabrielle Harvey labored on behalf of Medidata.
Hudson Sq. Properties owns 12 workplace buildings within the borough’s Hudson Sq. neighborhood, totaling roughly 6 million sq. toes. The 16-story 555 Greenwich, One Hudson Sq. and 155 Avenue of the Americas are a part of the three way partnership’s workplace assortment.
