Manhattan, NY GFP Real Estate, LLC has signed three leases at 630 Ninth Ave., also known as The Film Center Building, totaling 8,083 s/f.
“The Film Center has continued to see strong leasing activity over the past year as theater and film production companies bounce back following last year’s strikes,” said Matthew Mandell, senior managing director of GFP Real Estate. “As these companies expand, they are relocating to 630 Ninth Ave. in order to capitalize on the building’s close proximity to Time Square and the Theater District.”
In the first transaction, The Commercial Art Lab, a commercial product photography studio that specializes in photography and video for the jewelry industry, signed a new five-year lease for 3,793 s/f of office space on the second floor. The company, whose clients include Tiffany & Co., Maria Tash and David Yurman, among others, will relocate from its current address at 71 West 47th St. in the Diamond District. The company moved into its new space earlier this month.
Matthew Mandell of GFP Real Estate represented the landlord, GFP Real Estate, in the transaction; Stefan Martin of Capital Real Estate Advisors represented the tenant, The Commercial Art Lab.
In the second transaction, The Broadway Asia Company, one of the largest production, management and distribution companies of live entertainment throughout the global markets, signed a new five-year lease for 3,090 s/f on the sixth floor.
Over the last 25 years, theatrical productions by the Broadway International Group partners have performed in over 60 countries and garnered over 50 Tony, Olivier, Grammy Awards and many other global theatrical accolades through its many collaborations. The company, which moved into its space earlier this month, will relocate from 257 West 52nd St.
Mandell represented the landlord, GFP Real Estate, and the tenant, The Broadway Asia Company, in the transaction.
In the third transaction, Studio 16, a private, personal training studio with locations in New York City, Atlanta and Boston, signed a new five-year lease for 1,200 s/f of space on the fourth floor. The company, which moved in earlier this month, is relocating from 410 West 47th St to 630 Ninth Ave.
Mandell represented the landlord, GFP Real Estate, in the transaction; Michael Gammal of Swift Realty represented the tenant, Studio 16.
Built in 1929 by architect Ely Khan, 630 Ninth Ave. is a 13-story office building comprising more than 275,000 s/f. The newly renovated building once only catered to businesses involved in theater, film and music, nearby to the Theater District. The location provides access to many dining options and transportation services, including the Port Authority Bus Terminal, The NY Waterway Ferry, the Lincoln Tunnel, and multiple subway lines.
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