Manhattan, NY Newmark Knight Frank (NKF) has negotiated a 20,000 s/f lease for HealthCor Management, L.P. at Related’s 55 Hudson Yards. Vice chairman Brian Goldman and associate director Matt Lorberbaum of NKF represented the tenant, while vice president of commercial leasing, Related Companies, Stephen Winter, chairman tri-state region, CBRE Bob Alexander, and vice chairman, CBRE Howard Fiddle represented ownership.
Founded in 2005, HealthCor is a fundamental healthcare investment manager that invests in major healthcare sub-sectors, including biotech, pharma, medtech and services. HealthCor manages approximately $3.2 billion in assets, and leverages its security selection expertise across a platform of healthcare-focused investment strategies.
55 Hudson Yards, an anticipated 1.3 million gross s/f building set to come online in 2018, sits at the intersection of Hudson Yards between the High Line and Hudson Park and Boulevard. The property opens directly onto the park, one of the few buildings in New York City to do so. 55 Hudson Yards is also located in close proximity to public transportation, with the number 7 subway station, which features connections to most major subway lines as well as Grand Central Station, directly adjacent. Penn Station is also less than a 10-minute walk away. Other notable tenants include: Arosa Capital Management; Engineers Gate; Boies; Schiller & Flexner; Cooley LLP; Intercept Pharmaceuticals; MarketAxess; Milbank, Tweed, Hadley & McCloy LLP; Point72; Third Point LLC; and Silver Lake.