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Venture Capital Firm Leases 25K SF at Seven Penn Plaza
SOSV, a venture capital firm that runs the IndieBio development program for early-stage startups in the rapidly growing life sciences sector, has signed a 10-year lease for 24,814 square feet of office, laboratory, and conference space at Seven Penn Plaza. The property is owned and managed by The Feil Organization.
Construction plans FOR SOSV’s space call for the buildout of a BSL-2 laboratory, offices, and conference and event space.
“We are thrilled to welcome SOSV to Seven Penn Plaza, which is home to our own headquarters,” said Jeffrey Feil, CEO of The Feil Organization. “This is not just a typical lease; it’s an investment in a new industry that is making New York a top global technology hub for life sciences.”
David Turino, director of commercial leasing of The Feil Organization, represented the landlord in-house. Eva Shih, managing director of T3 Advisors, a Savills Company, represented the tenant.
Image courtesy of Hill West Architects.
- ◦Lease
