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PayPal Inks 261K-SF Lease in Hudson Square
Hudson Square Properties, a joint venture of Trinity Church NYC, Norges Bank Investment Management and Hines, said Tuesday that PayPal had signed a 261,000-square-foot, 10-year lease in December at the 345 Hudson and 555 Greenwich office complex in Hudson Square for its new flagship workplace. PayPal will occupy three floors across the interconnected buildings in one of Manhattan’s most significant new leases of 2025.
“PayPal’s lease at 345 Hudson and 555 Greenwich speaks to the larger trend shaping Manhattan’s office market of companies prioritizing best-in-class environments that deliver a differentiated experience to their workforce,” said Jason Alderman, senior managing director and head of New York at Hines. “By attracting top-tier tenants like PayPal, Hudson Square is reinforcing its position as a hub for innovation and growth in New York City.”
A CBRE team led by vice chairmen Paul Amrich, Howard Fiddle and Neil King represented Hudson Square Properties. PayPal was represented by Freddie Fackelmayer and Sacha Zarba of CBRE.
- ◦Lease
