345 Hudson Street
This is a large-scale office lease of 124,733 SF at 345 Hudson Street in the Hudson Square submarket, executed by a growing AI-focused healthcare tech company relocating from Chelsea, signaling meaningful business expansion. The landlord, Hudson Square Properties, is a credible institutional player with a deep portfolio in this corridor, and the use of four senior CBRE brokers underscores the deal's significance and market competitiveness. Tennr's credit profile carries moderate risk typical of venture-backed startups — strong growth narrative but no guarantee of long-term profitability — which is the primary underwriting concern for a lease of this size. Hudson Square continues to benefit from proximity to SoHo and the West Village, with rents generally in the $75–$110 PSF range for quality office product, making this market competitive but not oversupplied. Overall, the deal reflects a healthy leasing market signal with manageable party risk, warranting a solid B grade pending full financial diligence on the tenant.
Deal Stats
Parties
Seller / Landlord
Hudson Square Properties is a well-established Manhattan landlord and major owner of office assets in the Hudson Square submarket, managing a multi-million square foot portfolio; the landlord is known for institutional-quality office space and has a strong track record of securing high-profile tenants in the Hudson Square and West Village corridor.
Buyer / Tenant
Tennr is a technology company focused on AI-driven revenue cycle management for healthcare, founded by Trey Holterman and Tyler Johnson; the firm has raised significant venture capital and its expansion into 124,733 SF signals strong growth trajectory, though as a venture-backed startup it carries typical credit risk associated with pre-profitability tech tenants.
Score Analysis
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Strengthen sponsor track record documentation
Prior deal history and project completions directly improve track record score.
Clarify transaction structure
A clearly documented deal structure reduces perceived risk.
Provide updated rent roll or income documentation
Verified cash flow data improves confidence in asset performance.
Raw Deal Textclick to expand
Submit Growing Financial Partnerships For Over 30 Years. Get Started Deals New York Office Lease 345 Hudson Street Daily limit: 10/10 Trey Holterman Of Tennr Leases 124,733 Square Feet At 345 Hudson Street In Manhattan LEASED + 1 124,733 SF Leased 3 weeks ago the deal players comps contact related Summary NEW YORK Asset Type: Price Per Square Foot: $0 Total Square Footage: Transaction Type: The property asset involved in this transaction is an office located at 345 Hudson Street in Manhattan, with a total square footage of 124,733. The lease was signed by the tenant Trey Holterman from Tennr. The asset is owned by landlord Sujohn Sarkar from Hudson Square Properties. Summary of transaction details: Property Type: Office Transaction Amount: Not disclosed Address: 345 Hudson Street Market: Manhattan Landlord: Sujohn Sarkar - Hudson Square Properties Tenant: Trey Holterman - Tennr Brokers: Benjamin Joseph, Zachary Price, Paul Amrich & Howard Fiddle - CBRE This transaction features representation by multiple brokers from CBRE, namely Benjamin Joseph, Zachary Price, Paul Amrich, and Howard Fiddle. The lease marks a likely relocation for the tenant from its previous office in Chelsea. Players All Brokers Landlords | Tenants Paul Amrich 36 deals BROKER Howard Fiddle 28 deals Zachary Price 11 deals Benjamin Joseph 12 deals (212) 984-8206 HP Hudson Square Properties LANDLORD Tennr TENANT Details Deal Summary IMAGE: Howard Fiddle, Benjamin Joseph, Sujohn Sarkar, Trey Holterman, Paul Amrich & Zachary Price DATE: 05/01/2026 ADDRESS: 345 Hudson Street MARKET: Manhattan ASSET TYPE: Office ~ SF: 124,733 LANDLORD: Sujohn Sarkar - Hudson Square Properties TENANT: Trey Holterman - Tennr BROKERS: Benjamin Joseph, Zachary Price (@ExzactPrice), Paul Amrich & Howard Fiddle (@HowardFiddle) - CBRE (@CBRE) NOTE: Tennr signed a 124,733-square-foot lease at 345 Hudson Street in Hudson Square, marking a likely relocation from its Chelsea office. Email New York | @tradedny Comps 10 These are similar deals based on proximity and similarity to the subject deal. 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Deal Type SALE LOAN LEASE Property Size (sq ft) Rent per Square Foot (Annual) Lease Term (Years) Annual Escalation (%) Lease Type NNN (Triple Net) Free Rent Period (Months) Reset Effective Rent (Annual) $7,149,620.29 Total Lease Value $71,496,202.91 Net Landlord Cash Flow Is there something missing? Send suggestions We are telling CRE's story Traded is the #1 source for cutting edge CRE transactions & insights. 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