News: Brokerage

Lee & Associates NYC represents LifeSciences Consultants in first US office location in PENN 1

Manhattan, NY Lee & Associates NYC has represented global life sciences strategy consultancy, LifeSciences Consultants, in a new lease at PENN 1. The lease consists of 4,092 s/f on the 20th floor of the building. This is LifeSciences Consultants first office location in the United States, following locations in Milan, Mexico City, and Mumbai.

Woody King and Todd Korren from Lee & Associates NYC represented LifeSciences Consultants. Vornado Realty Trust was represented in-house by Anthony Cugini, Josh Glick, and Jared Silverman. 

“LifeSciences Consultants decided on PENN 1 due to it being an iconic building in the Penn District and they wanted to make a statement given this is their first US location,” said King, managing director at Lee & Associates NYC. “The space was delivered in pristine plug-and-play condition, and PENN 1 offers some of the best amenities in Manhattan, which was an important factor for employee recruitment. Additionally, the building is near Penn Station and Hudson Yards, offering easy and convenient access to visit their clients. It was an absolute pleasure working with the entire Vornado leasing team who really bent over backwards to accommodate the unique needs of our client.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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