NEW YORK CITY—Flatiron Health has signed a 10-year, 108,000 square-foot lease, to relocate its headquarters to four floors in Stellar Management and Imperium Capital's One SoHo Square. Pricing information was unavailable. However, in April 2017, the Commercial Observer reported asking rents for previous tenants in the building have ranged from $80 to $120 per square foot.

Founded in 2012, Flatiron Health is a healthcare technology company focused on cancer research and patient care. Its 475 employees located in New York and San Francisco include oncologists, software engineers, quantitative scientists, product managers and designers.

Empire State Development will provide Flatiron Health up to $6 million in performance-based tax credits through the Excelsior Jobs Program.

“Companies like Flatiron Health create quality jobs and spur rapid advancement in New York's growing healthcare and technology industries,” says Empire State Development president, CEO and commissioner Howard Zemsky. “Flatiron's expansion will broaden our understanding of cancer research and patient care and support the state's cutting-edge life sciences sector.”

“We are thrilled to relocate Flatiron's headquarters to One SoHo Square in the spring of 2018,” says Nat Turner, co-founder and CEO of Flatiron Health. “New York has been our home since launching in 2012 with just a handful of employees in a shared workspace. The move to the new office—almost double our current size—gives us the much needed flexibility to grow our team, working to accelerate cancer research in the months and years to come.”

Designed by Gensler, One SoHo Square has some of the largest floor plans available in Midtown South, ranging from 12,000 square-foot pre-built suites to a 90,000 square-foot contiguous block, newly redesigned penthouses and private outdoor space. The structure has a 15-story east tower, in which Flatiron Health will be located, and a 13-story west tower. They are connected by a glass cube lobby and central core that overlooks SoHo Square Park.

Other tenants in the building include Glossier, MAC Cosmetics, Trader Joe's, Managed by Q, DoubleVerify and Warby Parker.

Originally built in 1904, and renovated in 2015, One SoHo Square also has the address 161 Sixth Ave. In March 2016, Stellar Management in a joint venture with Imperium Capital, purchased both towers, totaling 766,000 square feet from Rockpoint Group for $630 million. Flatiron Health is moving from its current offices at 500 Fifth Ave., a structure located between W. 42 and W. 43 streets, built in 1931 and renovated in 2012. The building information was obtained from Real Capital Analytics.

Zev Holzman of Savills Studley represented Flatiron Health, with colleagues Brad Wolk, Herman Dodson and Brian Scharfman. David Fleisher of Savills Studley's KLG Advisors, on behalf of Flatiron Health, negotiated incentives with Empire State Development. Newmark Knight Frank's Brian Waterman, Andrew Peretz, David Malawer and Brent Ozarowski represented the owner.

Instant Insights /

Flatiron Health Signs 108,000 Square-Foot Lease in SoHo

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