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Healthcare Fintech Firm Quadruples Space in Move to 32 Ave. of the Americas
The Rudin Family finalized two leases totaling 72,000 square feet at 32 Ave. of the Americas in Midtown South. Cedar, a healthcare financial technology platform, has signed a new five-year, 66,753 square-foot lease, nearly quadrupling its presence in New York City.
Cedar expects to relocate from its current 17,000-square-foot space at 95 Morton St. in the fourth quarter.
Rudin also signed a 5,148 square-foot lease expansion with private investment firm Dorilton Capital. A tenant since 2017, Dorilton will now occupy 38,648 square feet at the historic property, once known as the AT&T Long Lines Building.
“32 Ave. of the Americas continues to appeal to innovative, forward-thinking companies looking ahead to the future of business,” said Michael Rudin, EVP of Rudin Management Company.
Rudin SVP Robert Steinman represented building ownership in both transactions. Avison Young’s Mitti Liebersohn and Evan Foley represented Cedar. Dorilton Capital had no outside tenant representation.
- ◦Lease
