Edward Johnson IV Of Pembroke Leases Office Space At 140 New Montgomery To R1 For AI Lab

The property asset involved in the transaction is located at 140 New Montgomery Street in San Francisco. This office space encompasses 12,453 square feet and will serve as the base for R1's AI lab, R37, in collaboration with Palantir Technologies. The lease agreement is set for a duration of seven and a half years, with the space expected to open in the second quarter of 2026. It is designed to accommodate 70 employees and will be utilized to support R1’s initiatives in AI-driven healthcare revenue solutions.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 140 New Montgomery Street
• Market: San Francisco
• Asset Size: 12,453 square feet
• Landlord: Edward Johnson IV - Pembroke
• Tenant: Joseph Flanaga, Chris Hartemayer & Corey Perman - R1

The deal includes prominent individuals such as Edward Johnson IV, representing Pembroke as the landlord, and Joseph Flanaga, Chris Hartemayer, and Corey Perman, who represent R1 as tenants. This partnership marks the establishment of R1's AI lab aimed at enhancing healthcare revenue management utilizing advanced technology.