Global commercial real estate advisory firm Newmark announced the completion of an office lease on behalf of AbleTo, Inc. at 320 West 37th Street in New York City. The transaction was negotiated by Newmark’s Vice Chairman Fred Smith and Associates Thomas Burrus and Elizabeth Ughetta.
AbleTo, Inc., a technology-based provider of virtual behavioral healthcare, will move its headquarters to a new 19,358-square-foot, two-story space at 320 West 37th Street. The organization’s mission is to empower people to improve their mental health by connecting patients with the right support for optimal outcomes and reduced health care costs. The space was attractive to AbleTo as it is pre-built with furniture, fixtures, equipment and cabling/wiring that allowed for immediate move-in with minimal business disruption. Additionally, the floors are contiguous with an interconnecting staircase. AbleTo, Inc’s previous headquarters was located on two non-contiguous floors in the same building.
“This was an excellent opportunity for us to work across business lines at Newmark and leverage our various in-house professional talent to secure the client the right best-in-class workspace,” said Smith. “Working with AbleTo to gain knowledge of the firm’s corporate culture informed us on how to optimally meet their new HQ needs.”
Newmark provided AbleTo, Inc. a full suite of services including brokerage, workspace strategy and financial analysis to select their new headquarters. Newmark has forged a long-standing relationship with AbleTo, Inc., and previously represented the company for a call center in Florida and their former headquarters in New York. Newmark’s San Francisco office is currently engaged in finding AbleTo, Inc. space in that market as well.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 18,000 professionals operate from approximately 480 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com..
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