Leases  ·  Office

Digital Medical Recruitment Startup Inks Deal for Flatiron Offices


Trialspark, a health care tech company, has signed a 5,702-square-foot lease with Kaufman Organization’s 45 West 27th Street, Commercial Observer has learned.

The company, which provides digital recruitment services for medical institutions that require patients for clinical studies of new drugs, will occupy the entire fourth floor of the 12-story building between Broadway and Avenue of the Americas. The asking rent in the five-year deal was $65 per square foot, according to information provided by Kaufman.

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“Trialspark was attracted to [45 West 27th Street] because Kaufman offers a unique design-build program that allows the tenant to build out their ideal workspace in a loft-style space boasting the tech-friendly amenities tenants of this caliber desire,” Kaufman’s Michael Heaner, who represented the landlord in-house on the deal with colleagues Grant Greenspan and Elliot Warren, said in a statement.

It was not immediately clear where Trialspark is relocating from in the city, but it plans to relocate to 45 West 27th Street in the coming weeks.

“Trialspark is a tech company with a high level of sophistication and 45 West 27th Street has a very creative feel but also as the infrastructure that they needed,” said Elie Reiss of Skylight Leasing, who brokered the deal for Trialspark.

Kaufman acquired a 99-year leasehold for the 68,873-square-foot 45 West 27th Street in 2014. New Jersey-based Edison Properties owns the land. In April, a trio of technology, advertising, media and information or TAMI tenants, Cuebiq, and Market Factory, signed leases at the building, as CO reported at the time.