JLL has completed a new, direct transaction for Quartet Health Inc. at 114 West 41st Street in Midtown with building owner Equity Office Management.
The healthcare technology company signed a long-term lease for 32,000 s/f comprising the entire fourth floor and fifth floors at the Class A building. The tenant was represented by Jason Schwartzenberg, executive vice president, and Daniel Santagata, vice president, both with JLL.
Building owner Equity Office was represented by Erik Harris, senior, managing director, and Scott Klau, executive vice president, with Newmark Grubb Knight Frank. Previously located in 3,500 s/f of space at 45 West 34th Street, Quartet Health is experiencing rapid growth.
The new lease at 114 West 41st Street will enable the company to immediately occupy the fourth floor while the fifth floor is built out.
“Equity Office worked with us to create a structure that enables Quartet Health to accommodate its rapid growth in a highly efficient manner,” said Schwartzenberg. “The occupancy schedule at 114 West 41st Street matches the needs of Quartet’s personnel growth, which is expected to increase significantly by the end of 2016.”
114 West 41st Street has just undergone a complete repositioning with a new dual entrance lobby with high-end finishes designed by Moed De Armas & Shannon. Tenant amenity center features a collaborative pantry, media lounge and billiards room.
“As Bryant Park continues to emerge as a robust tech corridor, Quartet Health is a welcome addition to our tenant roster,” said Zachary Freeman, vice president of leasing for Equity Office.
“Reputable tech businesses like Quartet Health are migrating to the neighborhood and see the added value that comes with offering these types of amenities.”