Health Tech Startup Growing in Move to 32K SF Near Bryant Park
Lauren Elkies Schram April 27, 2016, 6:20 p.m.
Quartet Health, a technology company that coordinates care between medical providers and behavioral health providers for patients, is expanding to 32,000-square-foot digs at 114 West 41st Street, The Real Deal reported.
Quartet is leasing the fourth and fifth floors of the Equity Office-owned 22-story, 352,000-square-foot building between Broadway and Avenue of the Americas. TRD said the asking rent wasn’t available, but as Commercial Observer previously reported, asking rents in the middle of the building are in the mid-$70s per square foot.
The company will be moving from 3,500 square feet at 45 West 34th Street between Fifth Avenue and Avenue of the Americas, armed with a $40 million founding round, according to TRD. Its employee count will increase to 100 from 60.
Equity Office, a subsidiary of Blackstone Group, is sprucing up the building.
“Equity Office’s building-wide renovation plan at 114 West 41st Street includes a dual-entrance lobby accessible from both 40th and 41st Streets, and our exclusive tenant amenity center, which offers a media lounge, billiards room and café for all tenants,” Zachary Freeman, the vice president of leasing at Equity Office, previously told CO.
Last month, healthcare start up company ContextMedia:Health took 15,931 square feet, or the entire 10th floor, of the building. In February, VTS, a leasing and asset management platform, took 15,769 square feet at 114 West 41st Street, as CO previously reported.
JLL’s Jason Schwartzenberg and Daniel Santagata represented the tenant, and Newmark Grubb Knight Frank‘s Erik Harris and Scott Klau worked on the landlord’s side. A spokesman for JLL didn’t immediately respond to a request for comment and nor did representatives for Equity Office or NGKF.