DivcoWest has completed its purchase of 325 Hudson Street from Jamestown for $135 million.
The 10-story, mission-critical property located at Hudson and Vandam Streets in Lower Manhattan, sits adjacent to Disney’s new 1.2 million square foot headquarters, is surrounded on three sides by Google, and is proximate to the NY Genome Center and NYU’s Langone Health/Biolab co-working facility for early-stage life science enterprises.
The approximately 220,000 s/f flexible building sits atop the fiber-dense Hudson Street corridor and offers a Meet Me Room (MMR) ecosystem with direct access to over 40 fiber networks and five transatlantic subsea cables. This translates to swift and cost-effective data connections.
That means it’s has all the wiring needed to move information around the world. Its tenants include internet and cable giant RCN, Sony Embassy Row, the digital movie division of Sony, Verizon and Starry, the hybrid fiber wireless technology company.
DivcoWest said it will maintain a core interconnection colocation managed by H5 Data Centers, a national colocation and carrier hotel provider, while also investing in the remaining space to deliver creative and collaborative environments for tenants.
“This building offers real optionality for a variety of users,” said Ariel Aber, DivcoWest’s head of the NY region.
“There is tremendous interstitial space between floors, which will appeal to research use, while the large floor plates with clear window lines will also benefit life science and creative office users,” Aber added.
“DivcoWest believes these features, combined with the unparalleled connectivity, technology infrastructure and location, make the building a rare proposition for enterprises across media, life science and office sectors.