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AI Legal Platform Orbital Signs Full-Floor Lease in Flatiron District
JLL arranged an 11,185-square-foot office lease for Orbital, the AI platform for real estate legal work, at 40 W. 25th St. in Manhattan’s Flatiron District. Orbital will relocate from a temporary shared office to occupy the entire sixth floor of the 12-story building, establishing the location as its New York City headquarters. The company also has offices in London and Los Angeles.
JLL Spark, the corporate venture arm of JLL, was an early investor in Orbital and also participated in the company’s $60 million Series B funding round announced in January. The investment is helping accelerate Orbital’s U.S. expansion and adoption across the real estate transaction ecosystem.
“Our continued growth in the U.S. has made a flagship East Coast base essential, not simply as a place to work, but as a space where our team can build together, collaborate with customers and partners, and deepen our presence in the U.S. real estate market,” said Will Pearce, CEO and co-founder of Orbital.
JLL Vice Chairman Evan Margolin and Managing Director Valentin Stobetsky represented Orbital. The Kaufman Leasing Company’s Grant Greenspan and Michael Kaufman represented the landlord, Kaufman Investments.
- ◦Lease
