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Related's 10 Hudson Yards Approaches Full Occupancy

New York

Boston Consulting Group Inc is on the verge of inking a deal for 175k SF at 10 Hudson Yards. That potential lease would allow The Related Cos to fill most of the building's remaining space, setting it up for a partial sale. The building is scheduled to be the first delivered as part of Related's $20B Hudson Yards vision. A partial sale would be a high-profile deal and would allow Related and equity partner Oxford Properties Group to cash in on the value they've added to the building, so they can use that money to finance more construction, Bloomberg reports. 10 Hudson Yards is a 52-story, 1.7M SF property on the southeast corner of the 28-acre Hudson Yards site. Coach paid $530M for 738k SF in the tower in 2013. SAP SE and L'Oreal will also be in the building. [Bloomberg]