GFP Real Estate signs five new leases totaling 14,175 s/f at 171 Madison Ave.

Manhattan, NY GFP Real Estate, LLC has executed five new office leases at 171 Madison Ave., underscoring continued demand for high-quality, boutique office space in Midtown South. The transactions include new commitments totaling more than 14,000 s/f of new leasing activity to the property.

• Verneek Inc., a NYC-based deeptech AI startup with the mission of “building the most helpful AI to augment the intelligence of anyone, anywhere, at any time,” signed a lease for 6,750 s/f, encompassing a portion of the 16^th floor and the entire 17^th floor. The six-year lease provides Verneek with a full-floor presence and dedicated outdoor space, with possession targeted for April 1, following completion of landlord’s work. Bradley Cohn of Adams & Company Real Estate represented the tenant.

• MGCU Holdings, Inc., part of Marubeni Growth Capital US — a division of Marubeni Corp., a global trading and investment company operating across industries including energy, food, logistics and manufacturing — signed a four-year lease for 2,975 s/f of executive and administrative offices on the 10^th floor. Allen Gurevich represented the landlord, GFP Real Estate, in the transaction. Daniel Thompson of Cushman & Wakefield represented the tenant.

• Elisabete Rodrigues Design LLC, a showroom and design studio, signed a six-year lease for 2,150 s/f on the 13^th floor. The tenant will use the space for showroom and administrative offices. Corey Shuster of Corcoran Real Estate represented the tenant.

• K International Transport Co., Inc., an international transport company specializing in door-to-door shipping of vehicles and heavy construction equipment, signed a lease for 1,250 s/f on the 12^th floor. The five-year lease will provide new general and executive office space. Matthew Colavita of GFP Real Estate represented the tenant.

• American Info Systems, LLC, a full service technology firm specializing in the strategic planning, execution and support of information technology, signed a new five-year lease for 1,050 s/f general and executive office space on the 12^th floor. Colavita of GFP represented the tenant.

“These leases underscore the continued strength of demand for well-located, flexible office space in Midtown South,” added Gurevich. 171 Madison Ave. continues to attract a diverse mix of companies across industries that value quality, efficiency and a building that can evolve with their businesses as they grow in New York City.”

171 Madison Ave. was designed by the architect William Gompert and originally completed in 1918. The 17-story, 135,000 s/f property features a brand-new lobby, building entrance and elevators, while office spaces offer natural light with exposure on three sides. Located one block from the Empire State Building, 171 Madison Ave.’s neo-classical façade is brick with applied masonry. Access to the 6 train is one block away with further connections available at nearby Grand Central Terminal.