NEW YORK CITY—Related and Oxford Properties Group have landed another sizeable office tenant at Hudson Yards.

DNB, Norway's largest financial services group, has agreed to move its North American corporate headquarters to 30 Hudson Yards. The firm has signed a 44,517-square-foot lease with for the entire 68th floor at the mixed-use complex's signature office tower.

Don Preate and Frank Coco of Cushman & Wakefield, along with David Brooks from Paul Hastings, represented DNB in the transaction. Stephen Winter of Related represented the ownership group.

“DNB will complement our world-class roster of tenants who have chosen Hudson Yards for the dynamic neighborhood atmosphere and rich amenities,” says Jay Cross, president, Related Hudson Yards. “We particularly appreciate the focus that DNB places on environmental stewardship and employee wellness, both areas we have invested in heavily.

Adds Giacomo Landi, EVP and general manager for DNB in North America, “After more than 40 years in traditional Midtown, we are very excited to be moving to the West Side in what will be a wonderful, new, internationally significant building and a truly vibrant New York neighborhood. We fully expect that establishing our new office space in Hudson Yards will help us attract and retain key talent, and help DNB further develop its products and services dedicated to supporting our worldwide client base that use New York as a key financial hub.”

Soon to be home to a first of its kind microgrid, Hudson Yards will utilize two onsite cogeneration plants to generate power and heat for use within the buildings, as well as provide additional standby power in the event of a grid outage. The development also will collect nearly 10 million gallons of storm water from building roofs and public plazas to be used in its mechanical and irrigation systems, conserving potable water for drinking and reducing stress on New York's sewer system.

Workers and clients will be able to take in panoramic views of the city skyline and the Hudson River; direct access to retail shops, restaurants, the city's highest outdoor observation deck and a direct connection to the new No. 7 subway extension.

Thirty Hudson Yards—a LEED Gold-designed 90-story tower that will stand 1,296 feet tall—has already nabbed several media and financial services firms, including Wells Fargo Securities, Time Warner Inc. and Kohlberg and Kravis & Roberts. Thirty Hudson Yards is expected to be completed in early 2019. With over 8.5 million square feet of residential, commercial and retail space now under construction or operational, Hudson Yards is on track to open the entire first phase by 2019.

Join ALM Real Estate Media on October 5th at RealShare NEW YORK, a who's who of expert analysis and insights on the New York market. Click here for more details.

NEW YORK CITY—Related and Oxford Properties Group have landed another sizeable office tenant at Hudson Yards.

Don Preate and Frank Coco of Cushman & Wakefield, along with David Brooks from Paul Hastings, represented DNB in the transaction. Stephen Winter of Related represented the ownership group.

Join ALM Real Estate Media on October 5th at RealShare NEW YORK, a who's who of expert analysis and insights on the New York market. Click here for more details.

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Another Office Tenant Comes to Hudson Yards

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