Crain's New York Business A Hines spokesman declined to comment to GlobeSt.com. Trinity Church has owned and operated the buildings for decades. The church's investment in the properties in recent years helped transform the Hudson Square area—where its property holdings are based—into a desired location for creative office tenants. But recently, Trinity has moved to cash in on its real estate empire.
Several of the city's biggest landlords, including RXR Realty, Silverstein Properties and Tishman Speyer, competed for the ownership stake and operating responsibilities of the portfolio, according to Crain's.
CBRE sales broker Darcy Stacom reportedly handled the deal for Trinity and Norges after previously arranging the purchase of Norges' ownership stake last year. A spokesperson for the real estate services firm did not respond to a request for comment.
A Hines spokesman declined to comment to GlobeSt.com. Trinity Church has owned and operated the buildings for decades. The church's investment in the properties in recent years helped transform the Hudson Square area—where its property holdings are based—into a desired location for creative office tenants. But recently, Trinity has moved to cash in on its real estate empire.
Several of the city's biggest landlords, including RXR Realty, Silverstein Properties and Tishman Speyer, competed for the ownership stake and operating responsibilities of the portfolio, according to Crain's.
CBRE sales broker Darcy Stacom reportedly handled the deal for Trinity and Norges after previously arranging the purchase of Norges' ownership stake last year. A spokesperson for the real estate services firm did not respond to a request for comment.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
