Johnson & Johnson opening new lab in Minskoff’s 101 Sixth

The deal involves a sublease with New York Genome Center

New York /
Jan.January 12, 2017 08:00 AM

The innovation arm of Johnson & Johnson plans to open a 30,000-square-foot lab at Edward Minskoff’s 101 Sixth Avenue in Hudson Square.

Johnson & Johnson Innovation will take space on the third floor of the 23-story building, the Commercial Observer reported. The deal involves a sublease with the New York Genome Center, which signed a 20-year lease for 170,000 square feet in the building in 2012. The terms of the sublease were not immediately clear. The lab, dubbed “JLabs @ NYC,” will open in 2018.

The state will be providing $17 million to the lab as part of Gov. Andrew Cuomo’s $650 million program to encourage life science research development.

Other tenants in the building include Two Sigma Investments, a hedge fund that has about 110,000 square feet of space. Regus also signed a 10-year lease in 2013, taking 32,000 square feet[CO]Kathryn Brenzel 


Related Articles

arrow_forward_ios
Minskoff Equities' Edward Minskoff and a previous rendering of 29 Jay Street (Getty, Marvel Architects)
Minskoff secures $97M construction loan for Dumbo spec office
Minskoff secures $97M construction loan for Dumbo spec office
39 Clarkson Street (Google Maps)
Hudson Square office building sold for $46M
Hudson Square office building sold for $46M
Google CEO Sundar Pichai (Getty/Illustration by Kevin Rebong for The Real Deal)
Google says it won’t claim NYC tax breaks
Google says it won’t claim NYC tax breaks
A rendering of St. John's Terminal with Google CEO Sundar Pichai (COOKFOX Architects, Getty)
Google shatters pandemic record in $2.1B office purchase
Google shatters pandemic record in $2.1B office purchase
Nikolai Fraiture and 42 and 44 King Street (Getty, Google Maps)
“Taken for a Fool”: The Strokes’ Nikolai Fraiture sues co-op
“Taken for a Fool”: The Strokes’ Nikolai Fraiture sues co-op
DivcoWest CEO Stuart Shiff and Jamestown Properties' Michael Phillips with 325 Hudson Street (Google Maps)
DivcoWest buying 325 Hudson for $150M+
DivcoWest buying 325 Hudson for $150M+
35 Jay Street and Edward Minskoff (Credit: Patrick McMullan/Patrick McMullan via Getty Images, Google Maps)
Edward J. Minskoff Equities buys Dumbo property for $62M
Edward J. Minskoff Equities buys Dumbo property for $62M
 561 Greenwich Street (Credit: Google Maps)
Trinity Church to construct another Hudson Square office tower
Trinity Church to construct another Hudson Square office tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...