Leases   ·   Office Leases

Vestal Point Capital Takes 12K SF at Rockrose Development’s 11 East 26th Street

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Investment firm and hedge fund manager Vestal Point Capital is relocating its offices within New York City. 

The company has inked a long-term, 12,139-square-foot lease on the entire 12th floor of Rockrose Development’s 11 East 26th Street across the street from Manhattan’s Madison Square Park, Commercial Observer has learned. The company’s current address is listed on its website as 632 Broadway in NoHo. It is unclear when the firm will move. 

SEE ALSO: NYC Human Resources Administration Extends 174K-SF Lease in Midtown

The exact length of the lease was unclear. The asking rent was more than $130 per square foot, according to a source with knowledge of the deal. 

Newmark‘s William Cohen and Ariel Harwood are the exclusive leasing agents for the property. Brian Goldman and Cooper Weisman — also from Newmark — represented the tenant in this deal. 

Newmark declined to comment, while a spokesperson for Vestal Point Capital did not immediately respond to a request for comment. 

Standing 21 stories tall, 11 East 26th Street is a two-building office complex connected to 15 East 26th Street. The second floor is a full-scale amenity club featuring a workout space, a private lounge, a designated area for whiskey lockers, and a grab-and-go kitchen. There is also a landscaped rooftop that includes terraces, seating areas, and an indoor-outdoor conference and entertainment space.

Other tenants at 11 East 26th Street include artificial intelligence firm Sierra and business consulting firm Activate Consulting

Amanda Schiavo can be reached at aschiavo@commercialobserver.com