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Transactions - OCTOBER 26, 2021

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Extell Development to develop medical office building in Manhattan

by Released

Extell Development Co. has plans to develop the first prime class A medical office building on Manhattan's Upper East Side at 403 E. 79th St.

Located on the prestigious East 79th Street corridor, in close proximity to the city's top hospitals and medical research centers, the 30-story, 400,000-square-foot building will boast a new-build, state-of-the-art facility to meet the 21st century needs of the healthcare industry.

The building's anchor tenant will be Hospital for Special Surgery, the world's leading academic medical center focused on musculoskeletal health. Ranked No. 1 in the nation for Orthopedics for the past 12 years and best in the Northeast for Rheumatology by U.S. News & World Report, HSS has signed a long-term lease for approximately 200,000 square feet of space spread across the first eight floors. The space will be filled with HSS physician offices and ancillary services for treatment of musculoskeletal conditions, which affect one out

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