Marx Realty, a New York-based owner, developer and manager of office, retail and multifamily property across the United States, announced Teladoc Health has signed a long-term, 7,000-square-foot lease at 10 Grand Central’s 16th floor.
“We are delighted to have Teladoc join the prestigious and diverse tenant roster at 10 Grand Central,” said Craig Deitelzweig, president and CEO of Marx Realty. “As one of Midtown Manhattan’s most compelling post-pandemic office destinations, this iconic building continues to attract top-tier companies. The recent influx of tenants is a testament to the success of our one-of-a-kind hospitality-infused repositioning strategy, which has resonated with the most innovative and exciting organizations.”
Teladoc Health was represented by Kevin Duffy and Sean Lynch of JLL. Asking rent was $82 per square foot.
Following a $48 million repositioning in 2019, the Ely Jacques-Kahn-designed office tower now features a new façade with marquee brass fins and oversized walnut doors, attended by a uniformed doorman. The lobby is styled with walnut wood and brushed brass, while the indoor/outdoor lounge and club floor spans 7,500 square feet and boasts oversized artwork, a café equipped with built-in appliances (including a gelato machine), a 40-seat conference space and The Ivy Terrace, an outdoor space reminiscent of a 1930s garden party. In 2022, the building unveiled the Marx Mobile, a state-of-the-art luxury electric Porsche Taycan that serves as the building’s house car. Available to all tenants through the MarxConnect software, the Marx Mobile will transport tenants around Manhattan in style. The redesign was led by David Burns, principal of Studios Architecture.
“Teladoc was situated in the Penn Station area and seeking to plant its flag in a location that would inspire associates while providing a compelling experience, and 10 Grand Central was the clear choice to meet and exceed their needs,” added Deitelzweig. “With our MarxReady program, we were able to provide a fully furnished pre-built space, designed in collaboration with Teladoc’s team, to meet the tenant’s timeline for relocation. The modern tenant space along with the building’s beautiful amenities will help attract Teladoc’s employees back to the office.”
Teladoc Health’s lease comes just weeks after law firm Lewis Baach (relocating from the Chrysler Building) and glass wall interior firm MetroWall signed long-term leases at the building.
