NEW YORK CITY—Noted men's and women's fashion designerHugo Boss is relocating its North Americanheadquarters operations to 55 Water St.

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The firm, which currently houses its North American headquartersat 601 West 26th St. (the Starrett-Lehigh Building) in MidtownSouth, has signed a long-term lese for 73,690 square feet at the53-story 55 Water St. building that contains 3.9 million squarefeet of office space.

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The transaction was announced by CBRE Group,Inc., which represented the building ownership NewWater Street Corp., an entity controlled by TheRetirement Systems of Alabama, in the deal. The CBRE teamof David Caperna, Howard Fiddle,Evan Haskell, Bradley Gerla andMary Ann Tighe represented ownership in thetransaction, while Greg Taubin of SavillsStudley represented Hugo Boss.

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The design firm will occupy the entire 48th floor at 55 WaterSt., comprising 68,793 square feet, as well as partial sublevelspace of 4,897 square feet, for a total of 73,690 square feet. Thecompany intends to move into 55 Water St. in the second quarter of2015.

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“This relocation continues the accelerating trend of creativefirms of all types moving Downtown,” says GeorgeAcero, executive vice president and COO of NWSC. “TAMI andfashion companies are attracted to the excitement that is beinggenerated Downtown and 55 Water St. is ideal for these types ofusers because of its large, efficient floor plates, tremendousviews, access to light and an abundance of in-buildingamenities.”

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Among 55 Water Street's amenities are two on-site parks withWi-Fi accessibility; The Elevated Acre, updated with a seasonalbeer garden; a new high-end tenant only cafe and coffee bar; a600-car parking garage and above standard HVAC with emergencypower.

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“We are proud that 55 Water St. has attracted forward-thinkingcreative firms like Hugo Boss, who appreciates the environmentallysustainable infrastructure of the building, including the newlyinstalled thermal storage ice plant, which will increase coolingefficiency and decrease energy consumption,” says Acero. “This is amajor investment in green technology that will remove 32.5 millionpounds of CO2 from the environment, the equivalent of removing3,000 cars from the road annually, or planting 4,400 acres oftrees.”

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Also, NWSC is implementing a multi-million-dollar “DistributedAntenna System” to improve wireless coverage and network capacitythroughout the building.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.