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

Aby Rosen and 17 State Street
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 [TRDataCustom] 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.

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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