NYC Health & Hospitals Leases Medical Office Space At 145 East 32nd Street For 11 Years

The asset involved in this transaction is a medical office located at 145 East 32nd Street in the Murray Hill market. The property features an asking rent of $55 per square foot, with a total square footage of 10,000. The NYC Health + Hospitals has leased the entire seventh floor for its World Trade Center Environmental Health Center, moving from Bellevue Hospital.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $55/ft
• Square Footage: 10,000
• Address: 145 East 32nd Street
• Market: Murray Hill
• Landlord: Meyer Equities
• Tenant: NYC Health + Hospitals
• Landlord's Representatives: Paul Wexler & Alisia Ramlochan - The Corcoran Group
• Tenant's Representative: Michael Dubin - Helmsley Spear
• Lease Duration: 11 years, 8 months

This leasing transaction emphasizes the involvement of key representatives from both the landlord and tenant sides. Paul Wexler and Alisia Ramlochan from The Corcoran Group represent the interests of Meyer Equities. On the other hand, Michael Dubin from Helmsley Spear represents NYC Health + Hospitals, facilitating this move for enhanced access to specialized care regarding 9/11-related conditions.