News: Brokerage

Jack Resnick & Sons leases 38,000 s/f to TMRW Life Sciences at 250 Hudson

New York, NY According to Jack Resnick & Sons, TMRW Life Sciences, a pioneering life sciences technology company, has finalized a new 12-year, 38,000 s/f lease at 250 Hudson St. in Hudson Square.

TMRW, which currently occupies 5,500 s/f on a portion of the 7th floor of the 15-story property, will relocate within the building and expand its operations to the entire sixth floor and a portion of the ground floor. This marks a nearly sevenfold expansion of the firm’s presence at 250 Hudson St. in just over two years.

Mitti Liebersohn, president and managing director of Avison Young’s NYC office, represented TMRW in the negotiations, while Brett Greenberg, executive managing director, and Adam Rappaport, managing director of Jack Resnick & Sons, represented building ownership.

“TMRW Life Sciences is a pioneering force in IVF technology and as the company continues to rapidly grow, the opportunity to expand its presence in the same building where it had already been successfully operating was a natural fit,” said Liebersohn. “TMRW’s expansion reflects the need for its revolutionary platform as well as the continued appetite for class A commercial space from life sciences occupiers in the Manhattan market.”

Located close to SoHo and TriBeCa, 250 Hudson St. boasts high ceilings, open floors, a limestone and marble lobby, and a penthouse level with a 10,000 s/f green roof offering 360° views of the Hudson River and city skyline. The 400,000 s/f former printing trades building is both LEED Gold and WiredScore Platinum certified, and has also earned the EPA’s Energy Star certification. It features fully-modernized infrastructure, including its electrical and communications systems.

“TMRW’s expansion clearly illustrates 250 Hudson St.’s appeal to innovative companies’ desire for highly collaborative spaces in properties with robust infrastructure and long-term ownership,” said Jonathan Resnick, president at Jack Resnick & Sons. “We are happy to accommodate their growing need for cutting-edge office and research space in Hudson Square.”

Other major tenants at 250 Hudson St. include Daniel Edelman, Lieff Cabraser Heinmann & Bernstein, Mekanism, and Bed Bath & Beyond.

Founded in 2018, TMRW is the creator of the world’s first Robotic Process Automation (RPA) platform specifically for in vitro fertilization (IVF). The company will house its corporate headquarters, including its research and development, product and engineering teams, as well as a sales, marketing, and training center for existing and prospective partners within the new expanded spaces.

MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced