The Real Deal New York

Tech firm expands by nearly 42K sf at RFR’s 17 State Street

IPsoft now has 140,000 square feet in the downtown building
January 09, 2017 07:45AM

Aby Rosen and 17 State Street

A high-tech firm working on artificial-intelligence research expanded its headquarters downtown.

IPsoft Inc. finalized a 140,000-square-foot lease at RFR Realty’s TRData LogoTINY 17 State Street, expanding its footprint in the 42-story tower by 41,687 square feet, the Wall Street Journal reported.

The tenant, which two years ago launched an artificial-intelligence platform called Amelia, will build a Cognitive Innovation Center to show off its newest developments in the additional space.

In June, IPsoft also took 27,200 square feet at Silverstein Properties’ 7 World Trade Center.

IPsoft says Amelia acts as a virtual agent and interact with humans using natural dialogue.

RFR leasing director AJ Camhi represented the landlord in-house alongside Mitchell Konsker and Scott Cahaly at JLL. Cushman & Wakefield’s Robert Lowe represented IPsoft. [WSJ, 1st item] – Rich Bockmann