Software firm expands at Kamber’s Tower 45

Schrodinger inks 26K sf lease
June 01, 2017 08:30AM

Tower 45 at 120 West 45th Street (Credit: Kamber Management)

Life sciences software company Schrodinger signed on for an additional 26,000 square feet at Kamber Management’s 120 West 45th Street, almost doubling its footprint in the building.

The firm will occupy five floors, up from a current three, spanning 63,000 square feet, according to the Commercial Observer.

Kamber bought the 40-story building, dubbed Tower 45, for $365 million from SL Green Realty in 2015. It received a $150 million acquisition loan from MetLife. Other tenants in the building include Aquila Management and D.E. Shaw Research.

Cushman & Wakefield represented Schrodinger while Avison Young represented Kamber.

Founded in 1990, New York-based Schrodinger develops software used in pharmaceutical and biotechnological research. [CO]Konrad Putzier