Newmark Knight Frank (NKF) is pleased to announce that it has successfully negotiated a nearly 20,000-square-foot lease for HealthCor Management, L.P. (HealthCor) at Related’s 55 Hudson Yards in Manhattan. Vice Chairman Brian Goldman and Associate Director Matt Lorberbaum represented the tenant in the transaction, while Vice President of Commercial Leasing, Related Companies Stephen Winter, Chairman Tri-State Region, CBRE Bob Alexander, and Vice Chairman, CBRE Howard Fiddle represented ownership.
Founded in 2005, HealthCor is a fundamental healthcare investment manager that invests in major healthcare sub-sectors, including biotech, pharma, medtech and services. HealthCor manages approximately $3.2 billion in assets, and leverages its security selection expertise across a platform of healthcare-focused investment strategies.
55 Hudson Yards, an anticipated 1.3 million gross-square-foot building set to come online in 2018, sits at the intersection of Hudson Yards between the High Line and Hudson Park & Boulevard. The property opens directly onto the park, one of the few buildings in New York City to do so. 55 Hudson Yards is also located in close proximity to public transportation, with the number 7 subway station, which features connections to most major subway lines as well as Grand Central Station, directly adjacent. Penn Station is also less than a 10-minute walk away. Other notable tenants include: Arosa Capital Management; Engineers Gate; Boies; Schiller & Flexner; Cooley LLP; Intercept Pharmaceuticals; MarketAxess; Milbank, Tweed, Hadley & McCloy LLP; Point72; Third Point LLC; and Silver Lake.
About Newmark Knight Frank
Newmark Knight Frank (NKF) is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. NKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; NKF Capital Markets services, including investment sales, debt placement, valuation and advisory services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.