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SL Green Signs AI Developer Clarifai to 215 Park

Company Signs for 17,255 SF, Will Relocate This Summer
March 9, 2018
New York-based Clarifai Inc., which provides AI-enabled developer services, has signed a short-term lease for 17,255 square feet at 215 Park Ave. S., according to landlord SL Green. The artificial intelligence company has agreed to a term of four years and three months, and will occupy the tenth floor of the building.

Clarifai is expected to move in mid-June, sources with knowledge of the deal tell CoStar News. Asking rents were in the $70 per square foot range.

Until then, it will remain in its current location at 137 Varick St. in the Hudson Square submarket, where the company currently occupies space on the third floor. According to CoStar research, space on the third floor has been leased to co-working space provider Knotel for subletting.

In December 2017, SL Green finished a $1.6-million renovation on its Gramercy Park office building, which stands 20 stories and encompasses 329,703 square feet. Perkins+Will oversaw the redesign, which incorporated a mosaic feature wall, new stone flooring and walls, cove and pendant lighting and a custom reception desk. The lobby’s repositioning followed work on the elevator cabs and mechanical systems, which were refreshed in early 2017.

Built in 1914, the office building was also renovated in 1982. Media and business services firms make up a majority of the rent roll at 215 Park Ave. S., including Global Strategy Group, Matador Content and CMG Clique Media. Perkins+Will is among the building’s largest lessees, occupying 31,000 square feet across three floors. Just under 41,000 square feet is available for lease at the property.

Colliers International's Sam Einhorn, Eric Ferriello and Robert Tunis represented the tenant in lease negotiations. SL Green was represented in-house by Gary Rosen and Howard Tenenbaum.

Diana Bell, New York City Market Reporter  CoStar Group   
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