Manhattan, NY GFP Real Estate, LLC secured four lease transactions totaling 8,910 s/f at 80 Eighth Ave. in the Chelsea neighborhood.
“We are starting to see office leasing activity surging in Manhattan as more and more as companies—and their workers—begin returning to the office,” said Matthew Mandell, leasing manager at GFP Real Estate. “Companies are also leasing new space as a means of enticing people back to work by creating a fresh, new environment for employees to return to.”
Mandell represented the landlord, GFP Real Estate, in each of the transactions:
- Whitman Insight Strategies signed a 10-year lease extension for 3,542 s/f of retail space on the 12th floor. This long-term tenant has been in the building for nearly 20 years, using its space for general offices. Jeffrey Nissani of JSN Properties represented the tenant in this transaction.
- Center for an Urban Future signed a seven-year lease for 2,491 s/f on the 7th floor. This forward-thinking company will use the space for general offices. Debra Wollens of Cushman & Wakefield represented the tenant in this transaction.
- Justin James D.O, a psychiatrist, signed a three-year lease extension for 2,057 s/f on the 7th floor. The tenant is relocating from a smaller space on the 18th floor. The tenant will use its space for psychotherapy and general offices. Mandell and Sam Mohabir of GFP Real Estate represented the tenant in this direct lease transaction.
- Rockline Corp. signed a three-year lease for 820 s/f of retail space on the 3rd floor. Katarina Sundqvist of Brickhouse Group LLC represented the tenant in this transaction.
Built in 1929 and standing 282 ft. tall, 80 Eighth Ave. is most well-known as the Banker’s Trust Company Building, which has occupied the building for over 70 years. This 20-story building, designed by the esteemed architect, William Whitehall, in a neo-gothic style, offers 185,000 s/f of commercial space and a newly renovated lobby that showcases its authentic architectural elements and modernizes its appeal to today’s tenants.
Located at the crossroads of Chelsea, the Meatpacking District and the West Village, 80 Eighth Ave., is close to Google’s New York Headquarters, Chelsea Market and Apple W14th. The A, C, E and L trains are situated directly behind the building, while the 1, 2, and 3 trains are one block away, providing an easy commute to and from the building.
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