Real Estate Weekly
Image default
Deals & Dealmakers

Kaufman signs PolicyGenius at 22 West 19th

The Kaufman Organization secured a five-year lease for 10,258 s/f for PolicyGenius, an insurance shopping platform, at 22 West 19th Street .

PolicyGenius, founded in 2014 by two former consultants of McKinsey & Company, is similar to an online travel booking engine and targets a younger demographic of insurance buyers. Earlier this year, the startup raised $15 million.

“PolicyGenius is the type of tenant Kaufman envisioned at its newly renovated properties; the company is taking an industry that has remained unchanged and is modernizing it to appeal to a wider demographic of people,” said Steve Kaufman, president of Kaufman.

STEVE KAUFMAN
STEVE KAUFMAN

“22 West 19th Street is the ideal space for a rapidly growing startup to thrive in due to its ideal Flatiron District location, accessibility, state-of-the-art communication infrastructure, and completely renovated and updated loft-style office spaces.”

Barbara Raskob and Yvonne Chang represented landlord, 18-19th Associates, LLC in the transaction. Asking rent was in the high-$60’s per square foot range.

PolicyGenius’s new headquarters will be on the eighth floor. As part of their move, Kaufman will be installing new bathrooms in the new space.

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million

REW

Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building

REW

Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando

REW