Olshan Properties negotiates 65,465 s/f of leases at 99 Hudson St.

Manhattan, NY Olshan Properties executed 65,465 s/f of leases over the past year at 99 Hudson St., a 184,000 s/f, 17-story office property located in Tribeca. Following Olshan’s recent acquisition of three additional floors, the company now holds a controlling stake in the building and has increased the building’s occupancy to 98%.

99 Hudson St.’s leasing activity over the past year includes five new tenants: Zando Publishing (12,159 s/f on the fourth floor), fashion brand Danielle Guizio (12,159 s/f on the sixth floor), Hellenic Seaways (7,885 s/f on a portion of the eighth floor), Charles Tombras Advertising (12,159 s/f on the 11^th floor), and Chobani (21,103 s/f on the 14^th floor and a portion of the 15^th floor). Additionally, Daily Harvest has extended its lease, now occupying the entire 10^th floor (12,159 s/f) and Maiden Home, which was a subtenant, signed a primary lease for 12,159 s/f on the ninth floor.

“The leasing momentum at 99 Hudson St. underscores its quality as a premier building in the vibrant Tribeca neighborhood,” said Zach Bornstein, CEO of Olshan Props. “Our strategic approach to the repositioning and renovation of 99 Hudson, combined with focused leasing efforts, have created a building that truly meets the needs of today’s tenants and resonates in the market.”

Originally constructed in 1920 for industrial use, 99 Hudson St. was converted into office and retail condominiums more than 30 years ago by Olshan Props. A renovation followed, encompassing upgrades to the lobby, façade, elevators, mechanical and electrical systems, and sidewalks, along with the conversion of several floors into open-plan loft office suites with separate HVAC systems. Over the years, the company has gradually consolidated ownership, recently acquiring the top three floors to bring a super majority of the 17-story building under common ownership.

“Expanding our ownership stake in the property has empowered us to realize our vision fully and uphold the high standards that have driven such strong leasing activity at 99 Hudson,” Bornstein said.

Positioned at the northwest corner of Hudson and Franklin streets, 99 Hudson St. benefits from a premier Tribeca location characterized by strong architectural presence, light and air, and views of the Hudson River. The building attracts a unique mix of tenants who appreciate the neighborhood’s cobblestone streets, world-renown restaurants, and lifestyle that blends work and play. Tenants further benefit from transportation access to the nearby 1/2/3 and A/C/E subway lines, Holland Tunnel, and Brooklyn, Manhattan, and Williamsburg Bridges.