Cognolink, a research partner that connects investors and businesses to critical intelligence, announced its third major New York City office expansion since opening in Manhattan in 2010.
The firm will relocate from its current 6,000 s/f at 411 Fifth Avenue to nearly 13,000 s/f at 260 Madison Avenue.
More than doubling in size, Cognolink has signed a 7-year lease comprising a portion of the 10th floor of the 22-story office building. The transaction was brokered by real estate services firm, Savills Studley.
The new office is being constructed with an open work space, large kitchen and abundant amenities, including a large private terrace, for the 100+ professionals that will ultimately work in the space.
Savills Studley’s Evan Margolin represented the tenant in the transaction and Alan Wildes of Cushman & Wakefield represented the landlord.
“Cognolink is a great example of a firm that is leveraging its real estate to support their business objectives,” Margolin said.
While the relocation was motivated primarily by organic growth, the new space search prioritized a fun working environment for talent retention and recruitment and the flexibility to accommodate anticipated increases in headcount.
Margolin added, “260 Madison Avenue met or exceeded all of the search criteria. Important to Cognolink was a professionally run building with a secure, corporate lobby proximate to the firm’s clients.”
Bryan Lewis, Cognolink COO, said, “In addition to the standard metrics that everyone uses to evaluate office space, we were looking for a ‘wow factor’ which the 10th floor of 260 Madison Avenue was able to provide – a huge usable terrace accessible from our space.”