Cognolink Commits to New Space in Grand Central Area
Danielle Schlanger Nov. 11, 2014, 4:49 p.m.
Cognolink, a primary research firm connecting investors and businesses to information, is moving to Sapir Organization‘s 260 Madison Avenue, more than doubling the size of its current Manhattan office space.
Cognolink will move from 411 Fifth Avenue between 37th and 38th Streets where it now occupies 6,000 square feet, to a nearly 13,000-square-foot space on Madison Avenue between East 38th and East 39th Streets, according to a press release issued by Savills Studley. Cognolink signed a seven-year lease for a portion of the property’s 10th floor; the firm is set to move into its new space in January.
The asking rent was in the $50s per square foot, a source with knowledge of the deal said. Other tenants in the building include Coca-Cola, J.P. Morgan, Hanesbrands, AKAM Associates, SAG AFTRA and the American Kennel Club.
“In addition to the standard metrics that everyone uses to evaluate office space, we were looking for a ‘wow factor’ which the 10th floor of 260 Madison Avenue was able to provide—a huge usable terrace accessible from our space,” said Bryan Lewis, the chief operating officer of Cognolink, in prepared remarks.
Evan Margolin of Savills Studley represented Cognolink in the deal. Alan Wildes of Cushman & Wakefield represented Sapir. The deal was signed in October.
Mr. Wildes did not immediately respond to a request for comment.