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Research, Data Firms Ink Leases for More Than 100K SF at Brookfield Place

Brookfield Place

Brookfield Property Partners has signed two tenants to its Brookfield Place complex that together total 101,000 square feet.

In one transaction, nonprofit research organization MDRC signed a 55,000-square-foot lease at 200 Vesey Street at the intersection of West Street. MDRC, which is dedicated to improving the lives of low-income people via its research, is planning to occupy the entire 23rd floor of the 53-story building. The lease is for 10 years.

MDRC is relocating from 16 East 34th Street between Fifth and Madison Avenues in Midtown South in the middle of the year. Eric Deutsch and Jason Pollen of CBRE handled the deal for MDRC.

In the second transaction, IQVIA, a company that uses analytics and data science tests to help health care companies innovate patient solutions, completed a 46,000-square-foot lease at 300 Vesey Street.

The company is planning to occupy the entire 13th floor of the 15-story, 522,000-square-foot building, which is located between North End Avenue and the Hudson River (and has an alternate address of 1 North End Avenue.) IQVIA is relocating from Midtown East. The lease is for 10 years.

IQVIA changed its name in November 2017 from QuintilesIMS, which was created when IMS Health Holdings and Quintiles Transnational Holdings merged in October 2016. Today, IQVIA has more than 55,000 employees and operates in more than 100 countries. Its customers are biotech, medical and pharmaceutical companies, as well as researchers and government agencies.

Robert Lowe, Nicholas Dysenchuk and Andrew Behymer of Cushman & Wakefield handled the deal for IQVIA.

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