Cushman & Wakefield closes 163,000 s/f lease at 395 Hudson Sq.

According to Cushman & Wakefield (C&W), Newsweek has signed a long-term lease for 163,000 s/f at 395 Hudson St., owned by the N.Y.C. District of Carpenters Pension Fund. The lease involved three separate parties and the swap of two floors by tenant Thomson Reuters, allowing Newsweek to lease the contiguous third and partial fourth floors of the 10-story office building in Hudson Sq. Newsweek will relocate from 1775 Broadway, where it has occupied nine floors for the past 15 years. C&W vice chairman Josh Kuriloff, executive vice president Gus Field and executive director Melissa Bazar represented Newsweek in its site search and in lease negotiations. C&W executive vice president Jonathan Serko, executive director Barry Zeller and Director David Malawer are the exclusive leasing agents for 395 Hudson Street and represented the landlord in the lease to Newsweek.  Christina Hill of American Realty Advisors is the asset manager advising the pension fund.  Peter Bassano of Blealley, Platt & Schmidt LLP acted on behalf of the pension fund. The crown jewel of Hudson Sq., 395 Hudson St. is a 600,000 s/f, first class office building. Thomson Reuters, which will occupy the fifth and sixth floors, was represented by C&W executive vice president Joseph Cabrera, vice chairman Ed Weiss, executive director David Glassman and executive director Robert Thuss.