Hair Growth Product Maker and Fintech Company Ink Deals at 136 Madison Avenue
By Nicholas Rizzi May 9, 2019 4:20 pm
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A financial technology company and the maker of hair growth products took a total of 37,000 square feet at 136 Madison Avenue, bringing the building to full occupancy, the landlord announced.
Nutrafol, the “hair-wellness” startup that recently closed on a $35 million Series B financing, inked a 10-year deal for 18,300 square feet on the 10th floor of Williams Equities’ building between 31st and 32nd Street, Crain’s New York first reported.
The company will move its offices from 28 West 27th Street between Broadway and Avenue of the Americas in May, a spokesman for the landlord said.
Mac Roos of Colliers (CIGI) International represented the landlord in the deal while CBRE (CBRE)’s Freddie Fackelmayer and Brett Kaye brokered it for Nutrafol. A spokeswoman for CBRE did not immediately respond for comment.
Fintech company ComplySci also signed a 10-year, 18,300-square-foot lease for the entire eighth floor of the 17-story building, according to a Williams Equities spokesman. ComplySci plans to ditch its offices at 875 Avenue of the Americas, where it has 11,500 square feet, later this year.
“[The building] proved to have an incredibly efficient space in the NoMad neighborhood in which ComplySci wanted to be located,” Lee & Associates NYC’s Dennis Someck, who handled the deal for ComplySci along with Justin Myers, said in a statement. “Not only is the building very well managed, but the property owner was willing to build out the entire space to the specifications of the tenant, rendering this a win-win deal for all parties involved.”
Colliers’ Roos also brokered the ComplySci deal for Williams Equities. Roos said in a statement that “tenants appreciate the superb location, building amenities, and working with hands-on ownership dedicated to providing superior service.”
Asking rents were in the low-$60 per square foot for both leases, the Williams Equities spokesman said.
Other tenants in the 300,000-square-foot 136 Madison Avenue include recruiting firm Green Key Resources, production company Jupiter Entertainment and flexible office provider Regus.
