Disney Acquires $650M Rights to Develop 4 Hudson Square

The real state division of Trinity Church on Wall St. (pictured here) sold one of its downtown office buildings to the Walt Disney Company.

NEW YORK CITY—Robert A. Iger, chair and CEO of the Walt Disney Company, and the Rev. Dr. William Lupfer, rector of Trinity Church Wall Street, announced Disney has purchased the rights to develop Trinity’s property at 4 Hudson Square in New York City. Disney will house its New York operations at the location for 99 years. The transaction was valued at $650 million.

Iger says Disney plans to build state-of-the-art facilities in the downtown Manhattan location, where employees will have all they need to do their best work and to lead the industry. In addition to being LEED-certified, Iger says the new building will also incorporate the latest technology and ability to adapt to the next generation of technological advances.