Leases  ·  Office

Pharma Research Company Syneos Health Leases 87K SF From AmEx at Brookfield Place


Biopharma outsourcing provider Syneos Health is bringing all of its employees under one roof in a space that spans more than 86,000 square feet at the Brookfield Place complex in Lower Manhattan, JLL (JLL) announced.

Syneos, the Raleigh, N.C. firm that became the second-largest company in the pharmaceutical-research industry following a $7 billion merger last year, will occupy 86,498 square feet on the 39th and 40th floors, The Real Deal first reported, in the 53-story, 2.5-million-square-foot office building at the intersection of Vesey and West Streets. The lease is with American Express, which owns 1.3 million square feet at Brookfield Property Partners200 Vesey Street in Lower Manhattan, data indicate.

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The 10-year lease will allow the biopharmaceutical solutions organization to consolidate employees from various buildings around the borough.

JLL’s Paul Glickman, Matt Astrachan, Erika Jean McNeil, Jonathan Fanuzzi and Kip Orban represented Syneos in the deal while JLL’s Lisa Kiell, Michael Shenot, Ed DiTolla and Andrew Coe worked on behalf of AmEx.

“Syneos Health was looking for a large block of high-end office space in Manhattan that would allow the company to bring multiple parts of its business together under one roof,” McNeil said in prepared remarks. “The new flagship space supports the company’s cultural and business needs, providing two exclusive floors in a premiere building where employees can work together in a collaborative environment with state-of-the art technology and amenities. Employees and biopharmaceutical customers alike will also benefit from access to the Oculus, one of the world’s premiere transportation hubs.”

Other companies occupying space in the building include Royal Bank of Canada in 400,000 square feet and PR Newswire in 34,000 square feet.