Leases  ·  Office

Hair Growth Product Maker and Fintech Company Ink Deals at 136 Madison Avenue

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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.

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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.