Perceptive Advisors Secures Full Floor at 51 Astor Place
Perceptive Advisors, a prominent life science-focused venture capital firm, has significantly expanded its footprint at 51 Astor Place in NoHo, New York City. The firm, a long-standing tenant since the building’s opening in 2013, has now leased the entire 10th floor, increasing its space from 18,000 to 25,000 square feet. This expansion underscores the building’s appeal to leading companies in the dynamic life sciences sector.
Key Takeaways
- Perceptive Advisors, a life science venture capital firm, has expanded its lease at 51 Astor Place.
- The firm will now occupy the entire 10th floor, totaling 25,000 square feet.
- This move represents a significant expansion from their previous 18,000-square-foot space.
- Perceptive Advisors has been a tenant at 51 Astor Place since its opening in 2013.
- The expansion highlights 51 Astor Place as a desirable location for established and growing companies.
A Growing Presence in NoHo
Founded by Joseph Edelman, Perceptive Advisors has been a fixture at 51 Astor Place since its inception in 2013. Their decision to expand and occupy a full floor signifies their continued success and commitment to the NoHo location. This move places them alongside other notable tenants who have also chosen to grow their operations within the building, including Intuit, Daily Mail US, and Tudor Investment Corporation.
Building’s Appeal and Future Outlook
Edward J. Minskoff, representing Edward J. Minskoff Equities (EJME), the property owner, expressed his satisfaction with Perceptive Advisors’ expansion. He noted that 51 Astor Place has established itself as a premier office destination, attracting discerning tenants. Minskoff highlighted the gratifying trend of leading tenants renewing and expanding their leases as they achieve success and growth within the building. JLL, with a team led by Paul N. Glickman, Mitchell Konsker, Benjamin Bass, and Cynthia Wasserberger, represented EJME in the transaction. Perceptive Advisors was represented by Josh Friedman and Michael Horn of Newmark.