Flatiron Health Lands New NYC Headquarters

By IvyLee Rosario

One SoHo Square

Healthcare technology company Flatiron Health has signed a long-term lease for 108,000 square feet at One SoHo Square in Manhattan, a renovated Class A office asset owned by Stellar Management and Imperium Capital. Savills Studley negotiated the lease on behalf of Flatiron, which will move into its new location in the spring of 2018. 

Empire State Development will be providing Flatiron Health with $6 million in performance-based tax credits through the Excelsior Jobs Program as an incentive to expand in New York State. 

“New York has been our home since launching in 2012 with just a handful of employees in a shared workspace. The move to the new office—almost double our current size—gives us the much-needed flexibility to grow our team working to accelerate cancer research in the months and years to come,” said Nat Turner, co-founder & CEO of Flatiron Health, in a prepared statement.

Property Evolution 

One SoHo Square features floorplates ranging from 12,000-square-foot pre-built suites to a 90,000-square-foot contiguous block. Also available are re-designed penthouses with private outdoor space. Designed by Gensler, the property comprises two buildings—the 15-story One SoHo Square East and the 13-story One SoHo Square West—which are connected by a glass cube lobby and central core overlooking the renovated SoHo Square Park. The core houses new nine-passenger elevators, bathrooms and mechanical systems.

One SoHo Square East and West are home to tenants such as Glossier, Trader Joe’s, DoubleVerify, MAC Cosmetics, Managed by Q and Warby Parker. Tenants have access to amenities including:

• rooftop deck
• 24/7 concierge
• messenger center
• secure bike facilities
• private outdoor terraces

Savills’ team of Zev Holzman, Brad Wolk, Herman Dodson and Brian Scharfman represented Flatiron, while David Fleisher of Savills Studley’s KLG Advisors represented the company in incentives negotiations with ESD. The owners were represented by NKF’s Brian Waterman, Andrew Peretz, David Malawer and Brent Ozarowski. 

Most recently, Savills and NKF were part of a team that represented Wachtell, Lipton, Rosen & Katz’s 250,762-square-foot lease at its Black Rock office building in Manhattan.

Image courtesy of Savills Studley