October 31, 2019 – Dennis Someck and and Justin Myers, Executive Managing Directors/Principals, of Lee & Associates NYC, have arranged a three-year, 2,817-square-foot lease on the entire fourteenth floor at 242 West 38th Street, between Seventh and Eighth Avenues, for Koios Medical. Boasting a tagline of “Software with vision,” Koios uses artificial intelligence and machine learning to provide clinical decision support for physicians and technologists when using ultrasound to detect and diagnose cancer.
The company’s first FDA-cleared product is Koios DS Breast. When used by trained physicians, Koios’ diagnostic technology has been proven to reduce “false negatives” and “false positives” for breast cancer. Headquartered in Chicago, Koios has operations as well as research and development facilities in New York’s Garment District.
The owner was represented by Barry Bernstein of HSP Real Estate Group. Koios is expected to take occupancy at 242 West 38th Street in November 2019. Asking rent was $52 per square foot. ###