Marshall Wace Leases 79,000 SF Office Space At The Spiral In Hudson Yards, Manhattan
66 Hudson Boulevard East New York, New York 10001, USA
Building Size
79,000 SF
Asset Type
Office
Closing
Aug 15, 2023
About this deal
AI
The Spiral, located at 66 Hudson Blvd E in Hudson Yards, Manhattan, is a prominent office building in the area. Spanning approximately 2.8 million square feet, it attracts a diverse range of tenants. Recently, Marshall Wace, a global asset manager, secured a 14-year lease for 79,000 square feet within the tower. This lease brings the total leased space in the building to approximately 75% of its office area. Notable tenants in The Spiral include Pfizer, HSBC, and AllianceBernstein.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 66 Hudson Blvd E, Hudson Yards, Manhattan
- Market: Hudson Yards, Manhattan
- Tenant: Marshall Wace
- Landlord: Tishman Speyer - Rob Speyer
Marshall Wace's decision to lease 79,000 square feet within The Spiral demonstrates the appeal of this prime office space. The tower's leasing progress is significant, with prominent companies like Pfizer, HSBC, and AllianceBernstein already occupying space within the building. This lease agreement further validates The Spiral's reputation as a sought-after location in Hudson Yards, Manhattan.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse New York office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93