K&K Hudson Yards and Entertainment Partners sign new leases totaling 4,700 s/f at 505 Eighth Ave.

Manhattan, NY GFP Real Estate, LLC signed two new leases totaling 4,700 s/f at 505 Eighth Ave. The transactions bring a medical practice and an entertainment industry services firm to the Midtown office building, further diversifying its tenant roster.

In the first transaction, K&K OB-GYN & Cosmetics signed a new seven-year lease for 1,700 s/f on a portion of the 10^th floor. The medical obstetrics and gynecology practice, which operates three locations across New York City, will open its fourth city office at the property. Max Vizgalin of OfficeNYC.com, Inc. represented the tenant.

In the second transaction, Entertainment Partners, LLC, a company that specializes in entertainment payroll, workforce management, residuals, tax incentives, finance, and other integrated production management solutions, signed a new three-year lease for 3,000 s/f on a portion of the ninth floor. The company will use the space for its general and executive offices. Trevor Larkin of CBRE represented the tenant. The suite was previously occupied by Huntington’s Disease Society of America.

Allen Gurevich of GFP Real Estate represented the landlord, GFP Real Estate, in both transactions.

“These new leases reflect continued demand from both medical and professional services firms seeking convenient Midtown locations,” said Gurevich. “505 Eighth Ave. offers the accessibility, flexibility and hands-on management that today’s tenants value.”

505 Eighth Ave., originally known as the Hoover Building, was built in 1926 by architect Chester James Storm. The 25-story, 275,000 s/f building features a modernized, 24/7 attended lobby and offers keycard access for secure entry.