Newmark Knight Frank (NKF) has announced the successful negotiation of a roughly 20,000-square-foot lease at Mitsui and Related’s 55 Hudson Yards. According to Yardi Matrix data, Mitsui Fudosan has a majority stake in both the 55 and 50 Hudson Yards towers, while Related and Oxford Properties Group are minority stake holders.
The new tenant on the 55 Hudson Yards roster is HealthCor Management, an investment firm that manages nearly $3.2 billion in assets, and focuses its investment strategy on major healthcare sub-sectors like pharmaceuticals, medtech, biotech, and services. Founded in 2005, HealthCor currently has offices on the 43rd floor of Carnegie Hall Tower, a 60-story, 542,584-square-foot building located in Theatre District – Times Square.
Set to come online in 2018, the 1.4-million-square-foot Hudson Yards office tower boasts a sophisticated building plan, designed from the inside-out to enhance flexibility of layout, increase space efficiency, and allow for an office that feels better, despite being denser. The building infrastructure will allow unobstructed corner views, single-path circulation, shallow floor plates, interconnecting stairs, an efficient core configuration, and no interior columns.
Targeting LEED Gold certification, the tower incorporates the latest technology for indoor air quality and an expansive 10th-floor terrace overlooking the new Hudson Boulevard Park.
Other tenants signed to the soon-to-be-completed tower include:
- American biopharmaceutical company Intercept Pharmaceuticals;
- MarketAxess, a leading provider of fixed income electronic trading solutions;
- American private equity firm Silver Lake;
- law firms Boies, Schiller & Flexner, Cooley LLP, and Milbank, Tweed, Hadley & McCloy LLP.