News: Brokerage

JLL respresents EliseAI in 26,582 s/f lease at Kalimian’s 33 East 33rd St.

Manhattan, NY According to JLL, AI platform EliseAI has expanded its presence at 33 East 33rd St., the 12-story, LEED-certified Midtown South office building owned by Kalimian Equities.

Founded in 2017, EliseAI has become the largest and most advanced AI platform serving the multifamily and single-family rental housing industry, the largest commercial real estate asset class in the U.S. The company’s products automate conversations between potential and current renters and apartment buildings through SMS, email, phone and webchat and automate workflows through integrations with key software systems. The company also recently announced the launch of its revolutionary healthcare AI platform.

The company will expand from 20,582 s/f it occupies across the entire second floor and partial tenth floor, consolidating within 26,582 s/f across the entire second and third floors under a five-year lease. The landlord will build out the third floor, fully furnishing it and creating a contemporary office environment to provide EliseAI with a unique space for in-person collaboration. Situated between Park and Madison avenues, 33 East 33rd St. is a 156,000 s/f LEED Silver certified property whose tenant roster includes legal, creative and tech companies such as VideoAmp and Leeding Builders Group. Ownership recently completed a renovation that included modernising the property’s lobby and implementing a pre-built campaign to support demand among small-to-midsize firms for highly finished turnkey space.

Located in the NoMad neighbourhood, the property is surrounded by lively social and retail offerings, gyms and open space. It is within walking distance of Grand Central Station and Penn Station, multiple subways and the PATH train, which provides direct service to New Jersey.

EliseAI was represented by a JLL team that included managing director Val Stobetsky, executive vice president Will McGarry, vice president Calum Waddell, and associate vice president Hale King. The landlord was represented by a Newmark agency team that included executive managing firector Erik Haris and managing firector Zach Weil.

“Our partnership with Kalimian Equities has enabled us to create a great space for our team to work together to build groundbreaking products for the housing and healthcare industries”, said Minna Song, co-Founder and CEO of EliseAI. “We are excited to continue to build our company at 33 East 33rd, and we are grateful for the support and guidance of the entire JLL team that helped to produce a great outcome for all parties.”

“EliseAI has grown rapidly since first locating at 33 East 33rd St. in 2021,” said Stobetsky. “With a recent funding round pointing to further growth, building ownership was able to deliver a turnkey solution that supports the continued success of EliseAI and its employees as they continue to innovate and push into new markets.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account