StarMedia leases Downtown HQ

Real Estate Weekly, Jan 5, 2000

The Wall Street law firm Carter, Ledyard & Milburn represented Trinity Real Estate in one of the largest Internet-related real estate transactions to date.

Barbara Brown, an attorney at Carter, Ledyard, negotiated a 210,072 square-foot lease to StarMedia, Inc. at One Hudson Square, a property owned by Trinity Church. StarMedia Network, Inc., a leading Internet media company targeting Latin America and other Spanish and Portuguese-speaking markets worldwide, has the option of expanding its premises to approximately 350,000 square feet.

With anticipated rentals in excess of $150 million, this transaction is the largest lease to date in Trinity Real Estate's portfolio.

"We are pleased to have assisted our client, Trinity Real Estate, with this transaction. Our long-time relationship with them enabled us to fully understand their business objectives and to negotiate this lease accordingly," said Brown.

Carter, Ledyard & Milburn is a Wail Street law firm founded in 1854. Carter, Ledyard's general practice includes corporate, securities, investment regulation, mergers and acquisitions, litigation, trusts and estates, media and technology, maritime, environmental, employment, telecommunications, ERISA, intellectual property, exempt organization, antitrust, real estate, tax and bankruptcy.