HealthCor Leaves Plaza District, Moving to Hudson Yards

Healthcor will move to 55 Hudson Yards.

NEW YORK—HealthCor Management, a healthcare investment manager with $3.2 billion in assets, is relocating to Hudson Yards. The company invests across the healthcare and life sciences industries, including biotech, pharmaceutical companies, and medical technology and services.

In signing a 20,000 square-foot lease at 55 Hudson Yards, HealthCor will move from its current location at 152 West 57th St., the 60-story skyscraper, Carnegie Hall Tower. Designed by architect Cesar Pelli, the structure in Midtown’s Plaza district was known as New York’s “sliver” building for its tall and thin appearance.

Fifty-five Hudson Yards, a 1.3 million square-foot, 51-story building, designed by Kohn Petersen Fox, is scheduled to open in 2018. Tokyo-based Mitsui Fudosan holds a 92% interest in 55 Hudson Yards and a 90% interest in 50 Hudson Yards. Both buildings are being developed by minority-interest holders, the Related Companies and Oxford Properties Group.

Newmark Knight Frank’s vice chairman, Brian Goldman, and associate director, Matt Lorberbaum, represented HealthCor in the lease of 55 Hudson Yards. VP of commercial leasing at Related, Stephen Winter, CBRE’s chairman for the tri-state region, Bob Alexander, and vice chairman, Howard Fiddle, represented the building owners in this transaction.