Cushman & Wakefield, Inc. announced today that it served as the exclusive advisor to Trinity Wall Street in arranging $400 million of acquisition financing secured by 375 Hudson Street in New York, New York. The senior mortgage financing was provided by affiliates of Goldman Sachs Mortgage Company.

Constructed in 1987, 375 Hudson Street is a 19-story Class A office and retail building located in Manhattan’s highly desirable, live/work/play neighborhood of Hudson Square. The Property offers breathtaking views of the Hudson River, New York Harbor as well as sweeping panoramas of the Downtown and Midtown Manhattan skylines.

375 Hudson Street contains nearly 1.1 million square feet of rentable area (as remeasured) including 17 floors of office space, prime ground floor retail space, a gym and rooftop outdoor running track, 46,000 square feet of storage space as well as a two-level, 100-space parking garage. The Property’s office space is currently 100% leased, anchored by Saatchi & Saatchi which occupies more than 62% of the space.

A Cushman & Wakefield Equity, Debt and Structured Finance team of Steve Kohn, John Alascio, Alex Hernandez, Chris Moyer and Alex Lapidus represented Trinity Wall Street.

“375 Hudson presented lenders with an institutional Class A asset at an attractive basis, credit tenancy, and the highest quality sponsorship with a long history at the property. Goldman's ability to offer both long term financing along with a great deal of flexibility aligned them as the best partner for the transaction,” said John Alascio, Executive Director in Cushman & Wakefield’s Equity, Debt & Structured Finance group.