Security Company Nabs 77K-SF Lease in Meatpacking

A rendering of  430 West 15th Street. (Atlas Capital Group's website)
A rendering of 430 West 15th Street. (Atlas Capital Group's website)


Palo Alto, Calif.-based Palantir Technologies has signed a 15-year sublease for 77,293 square feet at 430 West 15th StreetThe New York Post reported. The computer security company deal includes two five-year options. Asking rents ranged from $90 to $110 per square foot.

Earlier this year, Atlas Capital and Rockpoint net-leased the 99,558-square-foot, eight-story garage between Ninth and 10th Avenues.

“The building is being repositioned from a parking garage to a 99,000-square-foot, high-end office building with loft-like settings and ground-floor retail,” Atlas Capital Group notes on its website. “The new upper level floors added to the building will enjoy superior views due to the historic status of lower surrounding buildings.”

The Palantir lease includes portions of the ground and lower levels and the entire second to seventh floors plus the enclosed glass roof and terrace areas.

Michael Morris and Paul Ippolito of Newmark Grubb Knight Frank represented Palantir Technologies in the deal and CBRE‘s Paul Amrich, Neil King, Ross Zimbalist and Steve Siegel represented Atlas and Rockpoint. Both companies declined to comment.

The Palo Alto, Calif.-based private tech company, founded in 2004, provides solutions for anti-fraud, cyber security, disaster preparedness, law enforcement and trader oversight. In June, the Securities and Exchange Commission hired Palantir Technologies to help it uncover illegal trading activity, The New York Times reported. Its software has been employed to spot cyberfraud and to sell foreclosed homes at JPMorgan Chase and to increase chocolate profits at Hershey.




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