News: Brokerage

WOW Brand signs 8,200 s/f lease at GFP Real Estate’s 520 Eighth Ave.

Manhattan, NY GFP Real Estate said that TOT Payments, LLC (d.b.a. WOW Brand), a financial services platform, has signed a new seven-year lease for 8,200 s/f on the 9th floor of 520 Eighth Ave.in Midtown.

Matthew Mandell of GFP Real Estate represented the landlord, GFP Real Estate, in the transaction.  Allen Gurevich and Matthew Colavita of GFP Real Estate represented the tenant.

“Wow is a dynamic, fast-growing company, and we’re proud that GFP was able to accommodate their expansion within our portfolio,” said Gurevich.  “It’s exciting to see them take space in one of our premier Midtown properties, and we look forward to supporting their continued growth here.”

Wow Brand will relocate its New York offices from GFP’s 40 Exchange Pl. in the Financial District — where the company currently occupies 5,400 s/f — to its new headquarters at 520 Eighth Ave. later this year. The space, previously occupied by General Vision Services Corp., will be renovated by GFP Real Estate to meet Wow Brand’s needs, including a new building-standard showroom and office installation and upgraded bathrooms.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent