The company signed an 8-year lease renewal at the Hudson Square property.
Medidata Solutions has signed a lease renewal with Hudson Square Properties—a joint venture between Trinity Church Wall Street, Norges Bank Investment Management and Hines—at the 324,000-square-foot 350 Hudson in Manhattan.
The life science software company will continue to occupy 177,000 square feet of office space at the property through 2030. CBRE represented the landlord, while JLL assisted the tenant in the negotiations.
Medidata signed its first lease at 350 Hudson, for 100,000 square feet, 10 years ago. Now the company anchors the top five floors of the building, having access to a private terrace space.
Located at 350 Hudson St., the nine-story office building came online in 1930 and was completely renovated in 2010, according to CommercialEdge data. In addition, the owner recently implemented more improvements to the building’s exterior and ground floor. The property also includes 16,000 square feet of retail.
CBRE Vice Chairman Paul Amrich represented Hudson Square Properties, while JLL Vice Chairman Lisa Kiell and Executive Vice President Gabrielle Harvey worked on behalf of Medidata.
Hudson Square Properties owns 12 office buildings in the borough’s Hudson Square neighborhood, totaling roughly 6 million square feet. The 16-story 555 Greenwich, One Hudson Square and 155 Avenue of the Americas are part of the joint venture’s office collection.
