GFP Real Estate announced that Candid Group, Inc. (d/b/a Candid Health), a healthcare revenue cycle software that automates billing to increase net collections and accelerate cash flow, has signed a new, seven-year lease for 28,687 square feet on the third floor of 675 Avenue of the Americas.
Jeffrey Gural and Alphie Toro of GFP Real Estate, along with Anthony Sciacca and Scott Gutnick of Newmark — represented the landlord, GFP Real Estate. Justin Haber, Kyle Riker and Emma Gill of JLL represented Candid Health which will relocate to the building in February.
“Candid Health is exactly the type of forward-thinking, high-growth company we’re proud to welcome to 675 Avenue of the Americas,” said Gural, chairman of GFP Real Estate. “In addition to space that supports their current needs and long-term growth, the company was drawn to a location surrounded by its technology peers in what has become known as New York City’s Silicon Alley. We were pleased to deliver a flexible solution that aligns with how Candid Health is scaling, and we look forward to a long-term partnership as the company continues to expand.”
“We have been intentional about building an in-office culture because it raises the bar on how we collaborate and how we build,” said Bethany Hale, chief marketing officer at Candid Health. “Our new New York City office is an investment in our team and in creating a workspace that enables our best thinking and strongest execution.”
Built in 1901 as the Adams Dry Goods department store, 675 Avenue of the Americas spans a full city block between West 21st and 22nd Streets. The property offers expansive 50,000-square-foot floor plates, 13-foot exposed ceilings, oversized operable windows, a 24/7 attended lobby, tenant rooftop amenity space and fully modernized elevator, mechanical and HVAC systems.
