News: Brokerage

Kelman Winston & Vallone PC relocates to newly built office space on the 14th floor of 520 Eighth Ave.

Manhattan, NY GFP Real Estate said that New York-based law firm Kelman Winston & Vallone PC has signed a five-year, four-month lease for 2,695 s/f on the 14th floor of 520 Eighth Ave.

Kelman Winston & Vallone will relocate from to newly improved office space on the 14th floor, previously occupied by LightbulbLive. The move will provide the firm with upgraded office space while allowing it to remain at 520 Eighth Ave.

“Kelman Winston & Vallone is another example of the diverse mix of professional firms choosing 520 Eighth Ave. for its central location, efficient floor plates and long-term value,” said Matthew Mandell, senior managing director of GFP Real Estate. “The building continues to attract tenants looking for well-located office space with ownership committed to investing in the tenant experience.”

GFP Real Estate was represented in-house by Mandell. The tenant was represented by Steve Haas of Norman Bobrow & Company.

Located in the Penn District, 520 Eighth Ave. is one of the city’s premier office buildings for nonprofit organizations, home to a diverse community of mission-driven institutions alongside law firms, professional services companies and other commercial tenants. The transaction further reinforces the property’s appeal to organizations seeking a centrally located, transit-oriented office environment with long-term ownership and on-site management.

Built in 1926, 520 Eighth Ave. is a 26-story office tower comprising more than 860,000 s/f of office space. The property is located steps from Penn Station, Moynihan Train Hall, the Port Authority Bus Terminal and the A, C, E, 1, 2 and 3 subway lines, providing tenants with exceptional accessibility throughout the region.

MORE FROM Brokerage

TF Cornerstone inks Hanover Park lease and PMG Worldwide expansion at 387 Park Ave. South

Manhattan, NY New York City real estate development firm TF Cornerstone (TFC) has completed 100,000 s/f of leasing activity over the past year at 387 Park Ave. South, highlighted by a new lease with Hanover Park and the expansion and extension of PMG Worldwide totaling more than 58,000 s/f.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing