Real estate firm signs computer software company to 3-year lease at Midtown Class A office tower
Kamber Management Company, a New York City-based owner and operator of commercial real estate, announced that Schrödinger has signed a three-year lease for approximately 26,000 square feet on the 21st and 22nd floor at Tower 45, a modern Class A office building in the heart of Midtown Manhattan. In addition, Kamber recently announced it has signed over 71,800 square feet of new office leases at Tower 45. The 458,446-square-foot office tower was acquired by Kamber Management Company in September 2015. Mitti Liebersohn of Avison Young and Steven Levy of Kamber Management Company represented ownership in the transactions.
“We are very pleased to lease this space to Schrödinger at Tower 45, demonstrating our continued commitment and relationships with tenants who have shown great confidence in this building,” said Steven Levy, Managing Principal of Kamber Management Company. “This lease is further evidence of Tower 45’s position as one of the premier office buildings in Midtown Manhattan, located in this highly sought-after office market in the United States.”
Schrödinger is a leading provider of advanced molecular simulations and enterprise software solutions and services for its clients, which include major pharmaceutical and biotechnology companies worldwide, as well as leading materials science researchers. Schrödinger also establishes deep partnerships and collaborations with companies in such fields as biotechnology, pharmaceuticals, chemicals, and electronics, and helped found the biotech companies Nimbus Therapeutics, Morphic Therapeutic, and Relay Therapeutics.
Since acquiring 120 West 45th Street in September 2015, Kamber Management Company has invested in a multimillion-dollar capital improvements program that will focus on building infrastructure and reimagining common areas, as well as a reimagined atrium and lobby. Most recently, Kamber Management engaged renowned architecture firm Pei Cobb Freed & Partners to design select new improvements at Tower 45. The office building has customized pre-built suite spaces ranging from 1,500 to 6,500 square feet, as well as full floors of approximately 10,000 to 12,000 square feet, which are also available.
About Kamber Management Company
Kamber Management Company is a third-generation, family-owned company established over 75 years ago that invests in, owns and operates commercial and retail real estate assets. Kamber Management manages and leases the family's real estate interests, as well as a broader spectrum of investments. The firm’s portfolio consists of more than 1 million square feet of office and retail space in New York City, Long Island, Connecticut, Maryland, Illinois, North and South Carolina, Texas, including its new flagship property, Tower 45, a 458,446-square-foot Class A office building in Midtown Manhattan. Avison Young is the exclusive leasing agent for Tower 45. For all Tower 45 leasing inquiries, please contact Mitti Liebersohn atmitti.liebersohn@avisonyoung.com.
