A bipedal artificial intelligence firm is evolving into a new Midtown South office, Commercial Observer has learned.<\/p>\n
Financial and operations analytics firm Sapien AI<\/a> signed a lease for approximately 10,500 square feet on the entire fifth floor of the Kaufman Organization<\/a>\u2019s newly acquired 48 West 25th Street, according to tenant broker Nomad Group<\/a>.<\/p>\n SEE ALSO: NYC Taxi and Limousine Commission Takes 39K SF at AmTrustRE\u2019s 250 Broadway<\/a><\/p>\n The deal represents a relocation for the AI firm from its previous offices a few blocks south at 184 Fifth Avenue. Both offices are within a block of Madison Square Park.<\/p>\n Nomad did not immediately disclose the length of the lease but said that asking rent was in the $80s per square foot range.<\/p>\n \u201cNew York\u2019s AI sector continues to expand, and Sapien is exactly the type of forward-thinking company we\u2019re excited to work alongside,\u201d Nomad\u2019s Matthew DeRose, who represented the tenant alongside Calvin Bruwelheide, said in a statement. \u201cThe space gives Sapien a full-floor headquarters in the heart of NoMad that matches the energy, creativity and momentum of its growing team.\u201d<\/p>\n The Kaufman Organization\u2019s Grant Greenspan represented the landlord.<\/p>\n Kaufman went into contract to buy the property as well as 24-28 West 25th Street, both located between Broadway and Avenue of the Americas, from Savanna for $125 million in June<\/a>.<\/p>\n One of the more recent tenants to sign a deal in the building before the sale was MediaCo Holding, parent company of radio stations HOT 97 and WBLS, which took a 16-year lease for 25,000 square feet in 2023<\/a>.<\/p>\n