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100 Pearl St./ Architectural rendering, credit: Visualhouse 100 Pearl St./ Architectural rendering, credit: Visualhouse

NEW YORK CITY—NYC Health + Hospitals signed a deal with GFP Real Estate and Northwind Group for 526,552 square feet of office space at 7 Hanover Square. The public healthcare provider states that the 25-year, $758 million lease will increase its efficiency and reduce its real estate costs by $16.5 million in five years and by $203.1 million over the lease’s lifetime.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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