News: Brokerage

Canvas Worldwide inks lease for
18,149 s/f at 75 Varick St.

Manhattan, NY According to Hudson Square Properties (HSP), a joint venture of Trinity Church Wall Street, Norges Bank Investment Management, and Hines, full-service media communications agency Canvas Worldwide signed a seven-year lease for 18,149 s/f on the second floor of 75 Varick in Hudson Sq. The space will serve as the company’s New York City headquarters.

David Falk, Pete Shimkin, Jonathan Fanuzzi, Jon Franzel and Brittany Silver of Newmark led lease negotiations on behalf of Hudson Square Properties. Canvas was represented by Nick Farmakis of Savills.

Launched in 2015, Canvas is dual headquartered in Los Angeles and New York, with regional offices in Chicago, Dallas, Denver, and Atlanta. The decision to continue to establish its headquarters at 75 Varick reflects the company’s commitment to growth and innovation. The location will provide strategic proximity to transit both for employees and clients, allowing the company to connect seamlessly with partners and opportunities and reinforcing its position in the market.

“Ultimately, we opted to stay at 75 Varick because it aligns with our growth ambitions. Its versatility complements our business’s dynamic expansion,” said Paul Woolmington, CEO of Canvas Worldwide. “Beyond the business aspects, the vibrant blend of Hudson Square, SoHo, Tribeca, and the West Side injects life into our work environment. We believe in fostering a space where creativity and productivity intertwine. Moreover, the building’s strategic proximity to transport hubs ensures accessibility for our team and clients alike. This allows us to connect seamlessly with partners and opportunities, reinforcing our position in the market. In essence, this choice embodies our commitment to growth, innovation, and creating an environment where our team thrives and our business flourishes.”

“This new lease with Canvas exemplifies how Hudson Square is rapidly becoming the workplace of choice for the creative class,” said Alexis Michael, managing director of Hines. “The authenticity and high-quality amenities at 75 Varick provide the inspiration and collaborative atmosphere essential for leading companies like Canvas to innovate and retain talent.”

75 Varick St., also known as One Hudson Sq., is close to the 1, A, C and E subway stations. At 17 stories, this building designed by Ely Jacques Kahn and completed in 1929 offers views of downtown, the Hudson River and along Canal St. The one million s/f building offers modern office spaces and large floor plates. A new building lobby designed by the architectural firm A+I is home to Drip Coffee and rotating art exhibitions. Notable tenants include Harry’s Razors and Oscar Health.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking