The recently closed property transaction in Hell's Kitchen involved an office space located at 619 W. 54th Street. The asset, spanning 20,000 square feet, was leased by C16 Biosciences. The lease was facilitated by brokers John Isaacs, Jonathan Schifrin, and Alessio Tropeano of BRE. The landlord of the property was Silverstein Properties and Taconic Partners.

Summary of transaction details

• Property Type: Office
• Address: 619 W. 54th Street
• Market: Hell's Kitchen
• Tenant: C16 Biosciences
• Landlord: Silverstein Properties & Taconic Partners
• Brokers: John Isaacs, Jonathan Schifrin & Alessio Tropeano - BRE
• Asking Rent: $90/ft.
• SF: 20,000

It's worth noting that C16 Biosciences received a $20 million Series A funding round led by Bill Gates in March 2020. The New York-based startup is primarily focused on developing sustainable, lab-grown alternatives to conventional palm oil production.