Investment advisor Kepos Capital LP has signed a lease relocating its headquarters to 11 Times Square, a state-of-the-art, LEED-Gold-Certified commercial tower owned by SJP Properties in partnership with PGIM and Norges Bank.
Kepos Capital manages $3 billion in assets for a global investor base and is currently located in The New York Times Building, directly across from 11 Times Square. The move will allow the company to take advantage of advanced technology infrastructure and concierge services offered by 11 Times Square, while maintaining its New York City presence in a high-profile, trafficked location.
“For today’s financial services firms, it’s critical to have an office that provides state-of-the-art connectivity and is outfitted with the latest technology infrastructure,” said Steven Pozycki, CEO of SJP Properties. Kepos lease is for a 20,000-square-foot office on the 35th floor of the building. “For Kepos, this move allows the firm to maintain its presence in the city’s premier transit hub and occupy a building designed to ensure that tenants are afforded an optimized work environment to support their business growth objectives.”
The tower is one of the most technologically advanced commercial buildings ever constructed in Manhattan, fitted with a glass curtain wall, precedent-setting concrete core construction that enhances the building’s safety, and LEED Platinum-level indoor air quality. Its strategic location at the intersection of 42nd Street and Eighth Avenue allows it to serve as the western gateway to the business corridor that continues to attract tenants migrating to Manhattan’s West Side.
Matt DesChamps, Chief Operating Officer of Kepos Capital added: “We are excited to move our business operations to 11 Times Square later this year. The increased square footage and ability to design the space to our requirements in a state-of-the art building was an exceptional opportunity to create a customized work environment to serve our clients and support our growing business in the years ahead.”
11 Times Square is anchored by Proskauer and Microsoft and is also home to a diverse roster tenants across the financial, technology, legal, and media industries.
Article by Katya Demina | Photo by The Donaldson Organization