Pursuit Transformation Signs New Long Island City Lease
The firm is relocating its headquarters to a 41,000-square-foot space at the Jacx development in Queens.
Updated on Oct. 22, 2026 in Remote Work
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Pursuit Transformation has signed a 41,000-square-foot lease to relocate its headquarters within Long Island City. The organization, which manages an AI Jobs Institute, will occupy two floors at the Jacx office development.
Why it matters
This move signals how specialized firms are prioritizing high-end office infrastructure to support long-term scaling and organizational evolution. By centralizing operations in a multi-tenant hub, Pursuit Transformation is positioning itself alongside major institutional tenants.
The new 41,000-square-foot lease covers the 14th and 15th floors of the 700,000-square-foot Jacx development. Area asking rents in the district range from $30 to over $100 per square foot, reflecting the market valuation for upgraded office space.
The players
Pursuit Transformation
An organization that operates an AI Jobs Institute and manages workforce development initiatives.
The Jacx
A 700,000-square-foot office development in Long Island City serving as a corporate hub.
Newmark
A commercial real estate services firm that represented the tenant in the lease transaction.
The details
Pursuit Transformation is moving its corporate headquarters from 47-10 Austell Place to 28-07 Jackson Avenue. Newmark represented the tenant in the transaction, which secures space in a building already occupied by Macy's. This consolidation moves the firm into a large-scale, multi-tenant environment specifically designed for high-density corporate operations.
Timeline
October 2026 marks the announcement of the AI Jobs Institute.
Market Landscape
This move follows the documented trend of tech-focused firms upgrading their local footprint to institutional-grade office assets. It signals a continued preference for high-end workspace density within the Long Island City business district.
Operators in the neighborhood should evaluate how their own office requirements compare to the $30 to $100 per square foot rental market for Class A space. Reviewing lease renewal timelines against local office supply availability is critical for mid-term planning.
The takeaway
This transaction highlights the importance of leveraging professional representation like Newmark when navigating complex, high-rent office developments. Firms should track whether similar growth-stage organizations in the district opt for centralized hub locations as they scale.
Further reading
For broader insight into corporate space strategies, visit Remote Work.
Source note: This article includes information reported by Commercial Observer.
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