Related Leaps Forward at 30 Hudson Yards
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Related and Oxford have closed over $5 billion in financing for 30 Hudson Yards and the Shops and Restaurants at Hudson Yards.
NEW YORK CITY—As the construction of Hudson Yards ramps up, developers Related Cos. and Oxford Properties Group are inking sales of the property, new leases and financing.
Wells Fargo & Co. has closed its purchase of approximately 500,000 square feet of office space at 30 Hudson Yards and move the New York headquarters of Wells Fargo Securities, its investment banking and capital markets arm, to the building in 2020. The agreement brings the building to full occupancy.
Meanwhile, as expected, Time Warner has acquired more than 1.3 million square feet of commercial office and broadcast studio space in in the same building. A Fried Frank team led by real estate counsel Stephen Lefkowitz, tax partner Richard Wolfe and real estate special counsel David Badain advised the media firm on the deal…
