Though no financial information was disclosed, space in the site trades for approximately $34 per sf. Mark Jaccom, Peter Caputiati, Eric Thomas and Eric Schmall of Studley represented Metropolitan. Thomas Lynch of Trinity Real Estate acted on behalf of the ownership.
Jaccom says Studley surveyed the market for larger location opportunities, but the college decided to remain in its existing space and take the additional space to accommodate its growing enrollment. Jaccom, who represents Metropolitan with all of the college's commercial real estate needs in the metropolitan area, notes that the "separate entrance will enhance the college's identity in the building."
One Hudson Square was originally a one-million-sf light manufacturing building on Varick Street. It underwent a multimillion-dollar capital improvement project conversion to a class A office with Rosen Johnson Architects creating space that kept within the historic framework of the original design. Elements of the renovation effort include a new entrance and the restoration of the facade to its original Art Deco design.
Attorneys Richard Nardi and Raymond A. Sanseverino of Brown Raysman Millstein Felder & Steiner represented Metropolitan. Vincent Monte-Sano of Carter, Ledyard & Milburn LLP represented Trinity.
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