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Document Processing Platform Extend AI Signs 9K-SF Lease at 119 Fifth Avenue
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Commercial Observer
An artificial intelligence-driven document processing firm is relocating within the Flatiron District, Commercial Observer has learnedExtend AI signed an 8,750-square-foot lease across the entire sixth floor of 119 Fifth Avenue in a relocation from its current offices at 135 West 29th Street, according to the brokers at Nomad Group.
Nomad did not disclose the length of the lease, but said asking rent for the building, which property records indicate is owned by the Haddad family, was $105 per square foot.
“119 Fifth Avenue offered Extend the character, status and proximity to an established tech ecosystem that includes Microsoft, Adyen, Legora, Clay and many others, along with a HQ equal to the scale of what they’re building.”
Bill Janetschek and Matthew DeRose, also from Nomad Group, negotiated on behalf of the landlord.
As recently as late July, AI data platform Chalk signed a lease for 26,607 square feet at Castro Properties’ 43 West 23rd Street, while on Thursday CO reported that AI-driven employee management platform Warp expanded to 24,500 square feet at HRC’s 156 Fifth Avenue.