Life Science Firm TMRW Expands Nearly Sevenfold at 250 Hudson Street
By Anna Staropoli August 13, 2021 11:30 am
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TMRW Life Sciences looks beyond tomorrow with a 38,000-square-foot lease at Jack Resnick & Sons’ 250 Hudson Street, the landlord announced.
TMRW Life Sciences currently occupies 5,500 square feet on the seventh floor of the 15-story building. The new 12-year lease will relocate the life science center one floor down — and expand it nearly seven times over. The company will also occupy space on the ground floor. A spokesperson for the landlord declined to provide asking rents.
“As the company continues to rapidly grow, the opportunity to expand its presence in the same building where it had already been successfully operating was a natural fit,” tenant broker Avison Young’s Mitti Liebersohn said in a statement.
Liebersohn represented TMRW in the negotiations, while Brett Greenberg and Adam Rappaport brokered the deal in-house for Jack Resnick & Sons.
This lease comes in the wake of the widespread acceleration of the life sciences industry, which has seen a pandemic-spurred boom in recent months. With the expanded space, TMRW will be able to house its marketing, sales, research, development, product, and engineering teams, as well as provide a training center for new and prospective partners. TMRW develops in-vitro fertilization (IVF) technology and created the world’s first automated process for it.
“TMRW’s expansion speaks to the strength of New York City’s life sciences sector and will add tremendous value by creating local jobs and continuing its revolutionary advancements in IVF technology,” Liebersohn told CO.
Anna Staropoli can be reached at astaropoli@commercialobserver.com.
