In the continuing growth of life sciences throughout New York City, Kaufman Organization announced that LifeMD Inc., a rapidly growing direct-to-patient telemedicine company, signed a 7,500-square-foot lease at 236 Fifth Ave. The company, which works to provide patients with a convenient and cost-effective platform to access quality medical care, medication and over-the-counter products, will occupy the entire fourth floor of the Midtown South Office tower for its general, administrative and executive offices, Kaufman said.
“LifeMD, Inc. is the latest of many innovative, life science companies we have attracted to our Midtown South portfolio, and we predict we will continue to see a demand for office space from this type of tenant,” said Grant Greenspan, principal of Kaufman. “The property is in a prime location and offers convenient amenities including concierge and doorman services as well as advanced technology that will further attract like-minded companies.”
Greenspan and Jared Sternberg of Kaufman represented the landlord, Kaufman Organization, while Joshua Berg of Newmark Knight Frank represented the tenant in the transaction. Asking rent was $65 per square foot and the tenant is expected to occupy the space in December.
Located on Fifth Avenue between 27th and 28th Streets, 236 Fifth Ave. is an 11-story building built in 1907 and renovated in 2018 after the Kaufman Organization acquired it.
