RAL Development signs Sigma Computing with Zero Irving

Real estate development company RAL Development Services (RAL) announced that they have signed leading business data analytics software company Sigma Computing Inc (Sigma) to Zero Irving. The company signed a 5-year lease for Class A office space on the ninth floor of the building. Developed by RAL in conjunction with Junius Real Estate Partners, Midtown South’s newest top office building offers innovative, post-pandemic design features and benefits from a unique, experience and transit-rich location in New York’s Union Square neighborhood.

“We are delighted to welcome Sigma to the building, a company that fits perfectly into Zero Irving’s vibrant ecosystem, an ecosystem designed to enhance and foster business entrepreneurship within the tech sector,” said Josh Wein, Managing Director at RAL. “Zero Irving’s vision is looking to the future, providing an environment that includes flexibility and adaptability, as well as high technology and state-of-the-art finishes and amenities. We are confident that the building’s location and unique offerings set it apart and help tenants attract and retain their workforce in an increasingly competitive job market”

Sigma is a rapidly growing cloud analytics and business intelligence company headquartered in San Francisco, CA. The real-time, no-code data analytics SaaS platform for data warehouses is used by companies ranging from data-driven technology startups to large national and global corporate organizations in almost every industry. Sigma has doubled its workforce to over 180 in the past year and is expanding its offices with the new Zero Irving location to expand its New York team by recruiting local tech talent and providing a local presence to clients in the financial capital of the world.

Union Square’s Zero Irving introduces 176,000 square feet of contemporary, trophy-quality office space on the top 14 floors of the 21-story building. The views of Midtown and Downtown Manhattan are spectacular, and Zero Irving’s alternating floors offer dedicated double-height corner spaces with 7-foot ceilings, giving users a distinctive, high-impact space. Amenities at the premier office building include a large landscaped rooftop deck, 14,000 square feet of event and meeting space available to tenants, a full-service fitness center with lockers, showers, and bike storage, and an indoor and outdoor area on the ground floor. ground of Urbanspace with 12+ curated food vendors. Zero Irving’s distinctive offering also includes a technology training center and incubator, as well as flexible office space solutions.

“Thanks to its forward-thinking design, Zero Irving is positioned to cater to innovative companies from a variety of industries,” added Benjamin Bass, Executive Managing Director of JLL. “Advanced companies like Sigma will benefit from the exceptional build quality and amenities, located in one of the city’s most exciting and dynamic neighborhoods. In addition to Union Square’s excellent amenities and transportation alternatives, Zero Irving offers efficient floor slabs, great design, the latest technology and connectivity, as well as a focus on sustainable and green building technology.” Mitch Konsker, vice president of JLL, leads the rental business along with Benjamin Bass, Dan Turkewitz, Kristen Morgan and Carlee Palmer.

RAL recently announced that Melio, a leading B2B payment platform for small businesses, has also rented space from Zero Irving. The leading fintech company leased 25,000 square meters over the entire 15 and 16 floors in a long-term agreement. According to the JLL leasing team, there is significant rental demand in the building and Ownership will announce several new tenants in the coming weeks and months.

Zero Irving is the realization of RAL’s successful response to an RFP from NYCEDC. The development team includes financial partner Junius Real Estate Partners, architectural firm Davis Brody Bond and commercial construction firm Suffolk Construction.

Jeff Rodgers, Stephen Cisarik and Brent Ozarowski of Newmark represented Sigma in the lease transaction.

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