Spreemo, a healthcare startup working to deliver better patient care through transparency of cost and quality, will relocate to 88 Pine Street from its current office across the river in Hoboken, N.J.
First reported by Crain’s New York Business, Spreemo will occupy 7,500 square feet at the property, more than tripling the size of its current 2,000 square foot space.
According to a spokeswoman from Spreemo, which was founded in 2011, the company will move 40 of its employees over Christmas week.
Crain’s also reported that Spreemo was the recipient of $600,000 in tax credits as part of an incentive program provided by New York’s Empire State Development Corp. As part of the agreement, the company has planned to create 95 new jobs.
In a press release issued Dec. 8, Governor Andrew Cuomo praised the move, saying that “transforming the State’s business climate has been one of our top priorities in order to create jobs – and today we’re seeing that approach continue to deliver results for New Yorkers.”
Ron Vianu, the company’s CEO and co-founder, expressed his appreciation for the program in a prepared statement.
“As Spreemo seeks to transform the healthcare industry, Lower Manhattan offers a highly appealing concentration of professional talent who are both technologically savvy and bold in their approaches to problem solving,” he said. “We are thankful for New York State’s support in helping companies like ours take root in this ecosystem.”
Built in 1973, the 32-story office tower at 88 Pine Street was designed by Pei Cobb Freed & Partners and includes 624,000 square feet.
The space Spreemo will be occupying is a sub-lease from QBE Insurance Group. Janet Liff of J. Liff Co. represented Spreemo. Matthew Felice and Michael Berman of JLL represented QBE Insurance Group in negotiations, Ms. Liff noted. A spokesman from JLL did not immediately respond to a request for comment.