Teladoc to relocate headquarters from New York suburb to Manhattan

By Andria Cheng
Teladoc Health is moving its headquarters to 10 Grand Central near Manhattan’s Grand Central Terminal. (Marx Realty)
Telemedicine provider Teladoc Health is moving its headquarters from the New York suburb of Purchase to Manhattan.
The telehealth firm is more than doubling its footprint to 15,000 square feet in a 10-year deal at Manhattan’s 10 Grand Central at 155 E. 44th St. as it plans to move its corporate headquarters from Purchase, New York, to the city, landlord Marx Realty said Wednesday in a statement.
The lease comes as 10 Grand Central, steps from Grand Central Terminal transit hub, has been renovated to feature amenities such as a 7,500-square-foot indoor and outdoor lounge and club floor. The building, seeking to offer tenants hotel-like amenities, also features an electric Porsche Taycan that serves as the house car. Marx Realty said it recently also created “The Meeting Galleries,” a suite of spaces that feature a town hall space that can host up to 200 people; a screening gallery with stadium seating; and a podcast studio.
“The Teladoc story is compelling in that the firm has chosen to abandon its suburban New York headquarters in favor of the spectacular office experience and one-seat commute we offer tenants,” said Craig Deitelzweig, CEO of Marx Realty. “Tenants view their office locations as recruiting tools, collaboration hubs and extensions of their own brands. … We’re seeing similar success across our portfolio as we have effectively blurred the line between office and hotel.”
In addition to Teladoc, Exiger, a cybersecurity and supply chain technology firm, also is taking 7,000 square feet in a new, seven-year lease at 10 Grand Central, Marx said, adding that Exiger is relocating from 230 Park Ave.
Teladoc was represented by Sean Lynch of JLL, while Exiger was represented by Mitchell Konsker and Simon Landsmann of JLL. JLL’s Mitchell Konsker, Carlee Palmer, Simon Landmann and Thomas Schwartz are leading a team handling leasing for Marx Realty.
Asking rents at 10 Grand Central range from $78 to $130 per square foot.
Marx Realty has inked over 100,000 square feet of office and ground- floor retail space at the building in the last year, with its high-profile tenants also including Dwayne “The Rock” Johnson’s production company, Seven Bucks Productions; insurance giant MassMutual; and international news agency Agence France-Presse. Sweetgreen, Maman and Cava occupy street-level retail spaces at the property.
For the record
Teladoc was represented by Sean Lynch of JLL, while Exiger was represented by Mitchell Konsker and Simon Landsmann of JLL. JLL’s Mitchell Konsker, Carlee Palmer, Simon Landmann and Thomas Schwartz are leading a team handling leasing for Marx Realty.