Manhattan’s 55 Hudson Yards Lands New Tenant

Third Point LLC will take up 75,064 square feet of space at the upcoming 1.3 million-square-foot office tower, joining a roster of tenants that includes Steven Cohen's Point 72 Asset Management, Silver Lake Partners, and several law firms.

A new tenant has signed a 10-year lease at 55 Hudson Yards, the soon-to-be 1.3 million-square-foot, Class A office tower in Manhattan that is majority owned by Mitsui Fudosan, in partnership with The Related Cos. and Oxford Properties Group. Third Point LLC, a SEC-registered investment adviser founded by Daniel Loeb, will occupy 75,064 square feet of space throughout the building’s entire top two floors (50th and 51st) and half of the 49th floor. The asset is expected to come online in 2018.

Aiming for LEED Gold

The tower is situated just outside the Hudson Yards Redevelopment Project and is designed for LEED Gold certification by a partnership between Kohn Pedersen Fox and Kevin Roche John Dinkeloo and Associates. Amenities will include destination dispatch elevators, column-less exterior corners, floor-to-ceiling windows, terraces on the tenth floor, outdoor balcony and 5,000 square feet of landscaped area.

Third Point LLC is just one of a growing roster of tenants flocking to 55 Hudson Yards. Other tenants include Point 72 Asset Management LP,  Silver Lake, Cooley LLP, MarketAxess Holdings Inc., Milbank, Tweed, Hadley & McCloy, Boies Schiller Flexner LLP and Intercept Pharmaceuticals Inc.

JLL Vice Chairman Alexander Chudnoff and Senior Vice President Dan Turkewitz represented the tenant in the transaction. CBRE Vice Chairman Howard Fiddle, Chairman Robert Alexander and Senior Vice President Emily Jones acted on behalf of the landlord, in collaboration with Related Cos. Vice President Stephen Winter, Senior Vice President Andrew Cantor and Associate Jordan Bargas.

Images courtesy of The Related Cos. and Oxford Properties