EmblemHealth Signs 20-Year Lease in Harlem

NEW YORK CITY-After searching for a high-traffic location north of 96^th Street, New York-based health insurance provider EmblemHealth Inc. found its match at 215 West 125^th Street in Harlem. Colliers International arranged the deal for the healthcare company’s 20-year 34,170-square-foot lease for office and retail space here, owned by Cogswell Realty, LLC.

According to Colliers, EmblemHealth contracts with Manhattan’s Physician Group (MPG), which will occupy 2,056 square feet of ground floor retail space and 32,114 square feet of office space on the second floor. With the lease now in-place, the 125^th Street property will allow MPG to replace an existing medical office with an updated, more modern facility, says Williams G. Lewis, VP of facilities and corporate services and associate general Counsel of EmblemHealth, in statement.