U.S. East Market Overview

Hines' New York office has a strong presence in the commercial real estate sector, with over 24 million square feet of office space and signature developments like One Vanderbilt, One Madison, and 555 Greenwich. In addition to commercial properties, the office is also active in the residential sector, with over 1,350 units completed or underway across multifamily projects in the suburbs and senior housing projects in the city. The New York office currently manages 10.3 million square feet of real estate and has $13.8 billion in assets under management. Hines' involvement in the New York market dates back to 1986, with some of its earliest projects including 383 Madison, 745 Seventh, and 450 Lexington.

Hines entered the nation’s capital in the mid-1980s with the development of Columbia Square designed by Pei Cobb Freed and Partners. The firm has been an active developer, investor, acquirer, and property manager in the district as well as throughout Northern Virginia, Maryland and Pennsylvania. Hines completed CityCenterDC, the award-winning mixed-use development located in the heart of downtown D.C. encompassing office, residential, retail, restaurants and stunning common area and park space. The DC office is currently redeveloping the Parks at Walter Reed, the growing, vibrant 66-acre mixed-use community that will include over 3.1 million square feet of new construction and adaptive reuse of existing historic structures once complete. In addition, to its mixed-use developments, Hines is developing numerous land, industrial and multifamily projects throughout the mid-Atlantic region.

Hines is expanding its presence in the East Region by placing renewed focus on the Philadelphia market. Since the 1980’s, Hines has actively pursued business opportunities in the Philadelphia area. It proudly served as the development manager for the renovation of 30th Street Station, and in 2018, it completed the development of 1213 Walnut, a luxury high-rise multifamily tower in Philadelphia’s Midtown Village neighborhood. More recently, Hines acquired 466 Devon Park Drive, a 155,000 square-foot GMP rated lab facility in Wayne, Pennsylvania, demonstrating the growing demand for life sciences in the Greater Philadelphia region. Hines is currently the master developer for the St. Charles Borromeo Seminary, a 73-acre site that will create a world-class health and wellness village deeply rooted in sustainability and healthy living.

Hines entered the market with the 1988 opening of Johnson and Burgee's 500 Boylston which adjoins the Hines-developed Two Twenty-Two Berkeley, designed by Robert A.M. Stern. The office has been active as a developer and acquirer with signature towers and suburban campuses. The Boston office is currently developing the approximately 2 million square foot mixed-use South Station Project, including approximately 700,000 GSF of office space and 166 Ritz Carlton branded condominium units in the Tower. Multifamily residential is another focus area with a handful of projects in its portfolio. Hines Proprietary Research is headquartered in the Boston office.