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DivcoWest buys 325 Hudson Street

325 Hudson Street (Credit: Jamestown)

Stuart Shiff’s DivcoWest has entered into a contract to acquire 325 Hudson Street in Hudson Square from Jamestown Properties + Netrality Properties for more than $150 million, according to The Real Deal. The 10-story office building spans 241,000 SF, and offers direct access to transatlantic cables.

  • Conservative office playRCN occupies a series of meet-me rooms in the building, and has 17 years remaining on its lease. This allows telecommunications companies to physically connect and exchange data without incurring local loop fees.
  • What this means: It’s like an airport where service providers are the airlines and frequent fliers are the Hulus and HBOs of the internet that are hoping to send their content from point A to point B. Netrality is a partnership between Amerimar Enterprises, Inc. and Hunter Newby.
  • Tenants in the “carrier hotel” includeSony Embassy RowStarry, as well as telecommunications and colocation companies such as Altice and Verizon.

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