Orbital, an artificial-intelligence platform focused on real estate legal work, is expanding its U.S. footprint with an 11,185-square-foot lease at 40 W. 25th St. in Manhattan’s Flatiron District. The company will occupy the building’s entire sixth floor, making the location its New York City headquarters as it grows its customer and partner base.
Key takeaways
- Orbital signed an 11,185-square-foot office lease at 40 W. 25th St.
- The company will occupy the full sixth floor of the 12-story building.
- The space will serve as Orbital’s New York City headquarters.
- The move follows a $60 million Series B funding round announced in January.
- JLL arranged the transaction and was also an early investor in Orbital.
A dedicated base for U.S. expansion
Orbital is relocating from a temporary shared office to a full-floor workplace in the Flatiron District. The new headquarters is intended to provide a permanent East Coast base for the company’s growing U.S. operations and give its team more room to work together.
Chief Executive Officer and co-founder Will Pearce said the company views the office as more than a workplace. It is also expected to support collaboration with customers and partners and strengthen Orbital’s presence in the U.S. real estate market.
Investment and growth align with office strategy
The lease comes as Orbital accelerates its expansion across the real estate transaction ecosystem. JLL Spark, JLL’s corporate venture arm, was an early investor in the company and participated in Orbital’s $60 million Series B financing announced in January.
That funding is helping Orbital broaden adoption of its legal technology in the real estate sector. Establishing a larger New York headquarters gives the company a physical base in one of the country’s most important commercial property markets.
Orbital’s international footprint
The New York office will complement Orbital’s existing locations in London and Los Angeles. Together, the offices reflect the company’s effort to support customers across major real estate and business centers while building a larger U.S. presence.
The Flatiron lease also marks a shift from temporary accommodation to a dedicated corporate headquarters, signaling a longer-term commitment to New York as Orbital scales its operations.
Brokers involved in the transaction
JLL Vice Chairman Evan Margolin and Managing Director Valentin Stobetsky represented Orbital in the lease. Grant Greenspan and Michael Kaufman of Kaufman Leasing Company represented the landlord, Kaufman Investments.
The transaction places Orbital in a 12-story Manhattan office building and gives the company control of an entire floor for its New York operations.