The investment advisory firm has signed a 10-year lease with SPJ Properties for a 20,000-square-foot space on the 35th floor of the 40-story Class A+ commercial tower. The new lease will allow the hedge fund to maintain and slightly expand its presence within the Hell’s Kitchen neighborhood, and to benefit from the building’s advanced technology infrastructure.
“We are excited to move our business operations to 11 Times Square later this year. The increased square footage and ability to design the space to our requirements in a state-of-the art building was an exceptional opportunity to create a customized work environment to serve our clients and support our growing business in the years ahead,” Matt DesChamps, COO of Kepos Capital, said in a statement.
The company’s corporate base currently encompasses 17,000 square feet of space on the 44th floor of the New York Times Building, located at 620 8th Ave. According to the Commercial Observer, the alternative investment firm plans to relocate its headquarters in August.
Kepos Capital’s new home at 11 Times Square has managed to attract a plethora of high-profile tenants from a wide array of industries, including finance, IT, entertainment, and marketing. According to Yardi Matrix data, the high-rise houses 29 tenants, including Bank of America, E-Trade, and BT Americas. The building’s office space is anchored by prominent law firm Proskauer and tech giant Microsoft, while the retail space is anchored by Lionsgate’s indoor entertainment center.
The LEED-certified tower is among the most technologically advanced commercial buildings in Manhattan. Completed in 2010, the 1.1-million-square-foot asset features 100,000 square feet of retail space and includes a separately parceled, privately owned retail condominium.