News: Brokerage

Packman and Fontanetta of Trinity lease 76,483 s/f

Two Sigma Investments, LLC has signed a five-year lease to expand its presence at Trinity Real Estate's 100 Avenue of the Americas by 76,483 s/f, bringing its total occupancy to 114,815 s/f. The expansion deal brings the 380,000 s/f Hudson Sq. property to 100% occupancy. Trinity Real Estate was represented by Marc Packman, director of leasing, and Peter Fontanetta. "While Hudson Sq. has emerged as a hub for creative, media and arts tenants, Two Sigma's expansion underscores the neighborhood's appeal to a broad spectrum of businesses," said Jason Pizer, president of Trinity Real Estate. "This area is home to a rapidly diversifying community of tenants and we are delighted to count Two Sigma among them." Founded in 2001, Two Sigma Investments is a finance and technology firm that actively manages money across the world markets using disciplined, process-driven investment trading strategies. The firm, which signed its original lease in the fall of 2010, currently occupies the 15th and 16th floors of 100 Avenue of the Americas. Two Sigma will now occupy the fourth, seventh and eighth floors of the building as well. Two Sigma joins Hudson Square's growing list of major creative, media, corporate and entertainment companies such as Viacom, PR Newswire, Epoch Films, L'Oreal, Prime Focus North America, Deluxe Entertainment, WNYC and CBS Radio East. Originally completed in 1930, 100 Avenue of the Americas, situated at the corner of Grand and Watts Streets, features Art Deco-inspired architectural details, large floor plates, high ceilings, 24/7 access and security and onsite management. Other notable tenants in the building include Postworks New York, Berlin Cameron and Partners and Jobson Publishing. About Trinity Wall Street and Hudson Square Trinity Wall Street, one of New York City's largest and oldest commercial property owners, maintains a portfolio of more than six million s/f. Situated in Lower Manhattan between the Hudson River on the west, Avenue of the Americas on the east, Houston St. on the north and Canal St.on the south, Hudson Sq. is one of the city's most dynamic and creative business districts. Formerly an industrial warehouse and loft district, Hudson Sq. is now home to a diverse roster of high-profile organizations that includes advertising agencies, broadcasters, designers, architects, software businesses, publishers and other major companies and institutions.
MORE FROM Brokerage

United Properties Corp. adds 380,354 s/f of Midwest retail to portfolio - reaching over 10 million s/f

East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
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.
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for