2/21/2017 Bed Bath & Beyond Signs Leases for Studios in Hudson Square | Commercial Observer

https://commercialobserver.com/2017/01/bed­bath­beyond­signs­leases­for­design­photo­studios­in­hudson­square/ 1/5

Bed Bath & Beyond Signs Leases for Design, Photo Studiosin Hudson SquareBY  LAUREN ELKIES  SCHRAM (/AUTHOR/LAUREN-ELKIES-SCHRAM/)  JAN.  17,  2017,  6 P.M.

315 HUDSON STREET.  PHOTO:  JACK RESNICK &  SONS

Home goods retail chain Bed Bath & Beyond (https://commercialobserver.com/tag/bed-bath-beyond/) has secured

two of ce leases for new design and photo studios in Hudson Square, Jack Resnick & Sons(https://commercialobserver.com/tag/jack-resnick-sons/) announced.

The retail behemoth Bed Bath & Beyond has signed a deal for 27,778 square feet on the entire 11th oor of 250Hudson Street for the photo studio, slated to open this summer, according to The New York Post, which rst reported

news of the deals. Bed Bath & Beyond has also sealed a deal to relocate home decor and subsidiary, One Kings Lane,

to 51,576 square feet on the fourth oor of 315 Hudson Street (https://commercialobserver.com/tag/315-hudson-

street/). One Kings Lane is currently on the eighth oor.

Both deals are 10 years, and asking rents range from $75 to $90 per square foot, according to the Post.

Douglas Elliman Commercial (https://commercialobserver.com/tag/douglas-elliman-commercial/)’s Peter Grossand James Gross represented the tenant in both deals. They didn’t immediately respond to Commercial Observer’s

request for comment. Jack Resnick & Sons’ Brett Greenberg and Dennis Brady worked on behalf of the the landlord

in-house on 315 Hudson Street, along with Newmark Grubb Knight Frank(https://commercialobserver.com/tag/newmark-grubb-knight-frank/)’s David Falk(https://commercialobserver.com/tag/david-falk/), Jason Greenstein, Danny Levine and Peter Shimkin. Brady and

Greenberg also represented Resnick at 250 Hudson Street.

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2/21/2017 Bed Bath & Beyond Signs Leases for Studios in Hudson Square | Commercial Observer

https://commercialobserver.com/2017/01/bed­bath­beyond­signs­leases­for­design­photo­studios­in­hudson­square/ 2/5

“We are thrilled that the company has selected 250 and 315 Hudson to create a top-tier, urban studio and believe their

250 HUDSON STREET.  PHOTO:  COSTAR GROUP

Steven H. Temares, the chief executive of cer of Bed Bath & Beyond, said in a statement: “We are excited to share

the plans to open our new Bed Bath & Beyond design and photo studio in Manhattan that will provide signi cant

bene ts and capabilities to help further reinforce our position as ‘the expert for the home. We believe bringing more

of these capabilities in-house will allow us to enhance our ability to produce more inspirational content. In addition,

we expect this effort, over time, to help improve our digital marketing assets and drive other operational ef ciencies

for the business.”

The company plans to bring a signi cant amount of the design and photography work for the company’s brands,

which include Bed Bath & Beyond, buybuy BABY, Christmas Tree Shops, andThat! and Harmon Face Values in-

house.

At 315 Hudson Street, which is between Spring and Vandam Streets, Jack Resnick & Sons is undergoing a $65 million

renovation project, with the lobby slated for completion this summer and the second phase (landscaped green roof,

new mechanical systems, modernized elevators with a destination dispatch system and new windows) ready in 2019.

It is a building the company has owned for over 55 years. Other tenants in the building include Galvanize,

IntentMedia and Moda Operandi.

Jack Resnick & Sons has owned 250 Hudson Street between Broome and Dominick Streets since 1968. This building

underwent a $40 million renovation, completed in 2008, according to CoStar Group. Tenants in the building include

Edelman and Gluckman Tang Architects. CO reported last September, Lieff Cabraser Heimann & Bernstein(https://commercialobserver.com/tag/lieff-cabraser-heimann-bernstein/) signed a 10-year, 27,778-square-foot deal

(https://commercialobserver.com/2016/09/law- rm-renews-28k-sf-lease-at-resnicks-250-hudson-street/) to remain

at 250 Hudson Street three years before its lease expired.

Buildings in this story

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250 Hudson St250 Hudson St, New York, NY, 10013

(https://commercialobserver.com/realgraph/buildings/250­hudson­st­new­york­ny)

315 Hudson Street315 Hudson St, New York, NY, 10013

(https://commercialobserver.com/realgraph/buildings/315­hudson­st­new­york­ny)

decision will solidify our Hudson Square portfolio as a leading destination for a wide variety of creative, advertising,

media and technology tenanMtOsR,E”  (B/rMaORdE/y), an executive managing director at Jack Resnick & Sons, said in prepared

remarks.  (/)