Savills has finalized a 12,830 s/f lease for Flywheel Partners at 90 Broad Street, owned by Princeton International Properties, in Manhattan’s Financial District.
Flywheel provides brand strategy, communications, and training services for healthcare companies. Currently occupying approximately 15,000 s/f across the 24th and 17th floors, Flywheel will consolidate to a contiguous space on the 17th floor, with future expansion rights, according to the new lease terms.
As part of the agreement, Princeton will also build out the new space, which features 14.5-foot ceiling heights and will provide a significant amount of flexibility for Flywheel’s evolving needs. Construction is expected to be completed in the first quarter of 2022.
A Savills team comprised of Daniel Thompson and Peter Cipriano negotiated the deal on behalf of Flywheel.
“As Flywheel’s business has changed, so too has its goals for how its real estate should perform now and in the future,” Thompson said. “We’re pleased to have been able to accommodate our client’s needs while ensuring that they can remain at the same location where their staff has thrived for seven years. Flywheel has put careful thought and consideration into how its workforce will be utilizing office space in a post-pandemic environment, and we believe that the ideal solution has been achieved for the company with this new arrangement.”
In addition to its main headquarters at 90 Broad, Flywheel also operates out of regional office locations in Montclair, New Jersey, and Winchester, Massachusetts.
Princeton International Properties was represented by Eric Cagner of Newmark.