New York, NY (PRWEB) July 29, 2014
Flatiron Health Inc., a New York City-based healthcare technology company that recently raised $130 million in a Series B financing round, is relocating its headquarters and expanding its office space by 12,000 square feet.
The company’s new lease of 15,000 square feet comprises the entire 7th and 8th floors of 96 Spring Street. Flatiron was represented by global commercial real estate services firm, Savills Studley.
Flatiron Health currently occupies 3,000 square feet at 291 Broadway and expects to relocate immediately in order to accommodate a wave of recent hires, nearly quintupling its Manhattan real estate footprint.
Savills Studley’s Corporate Managing Director Zev J. Holzman along with Executive Managing Director Paul Revson and associate Ryan Rafter represented the tenant in the transaction, while Gus Field, Vice Chairman of Cushman & Wakefield represented the landlord, Midwood Investment and Development.
According to Mr. Holzman, Savills Studley was able to secure “built, move in ready space with the appropriate aesthetic for a technology firm” on the 7th and 8th floors which were left behind from Two Sigma, after their recent relocation to 101 Avenue of the Americas.
“Flatiron has been growing at a rapid pace and had a desire to relocate its headquarters immediately to space that was in a vibrant, energetic neighborhood, and that also possessed the physical attributes, that represent its culture,” explained Holzman. “The fact that we were able to meet all of the company’s objectives, providing them with headquarters on two contiguous floors with a private roof deck really drew our client to the deal.”
Situated on the top two floors of the 8-story, 48,800 square-foot building, Flatiron Health’s new headquarters space also includes access to an exclusive, tenant dedicated roof deck overlooking the Lower Manhattan skyline, which the Landlord will be building out for the firm.
Flatiron Health is a health care technology company and operator of the OncologyCloud™ platform. Integrating across the entire clinical data spectrum, Flatiron Health allows cancer care providers and life science companies to gain deep business and clinical intelligence through its web-based platform. The company was started by Nat Turner and Zach Weinberg, two of the founders of Invite Media. For more information, please visit http://www.flatiron.com.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 25 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 27,000 professionals and over 600 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
For more information, please visit http://www.savills-studley.com and follow us on Twitter @SavillsStudley and LinkedIn.