GFP Secures Three Leases at Garment District’s 505 Eighth Ave.

GFP Actual Property, LLC lately secured three new lease transactions totaling 10,857 sq. toes at 505 Eighth Ave in Midtown Manhattan. The agency’s Allen Gurevich, senior managing director, represented possession in all three transactions. 

The leases included the next: 

• Avondale Care Group signed a three-year renewal for its 5,589-square-foot workplaces. Gurevich additionally represented the tenant. 
• Manhattan Magnificence, Inc., positioned at 505 Eighth Ave. since 2003, signed a 10-year lease extension for its 4,348 sq. toes of retail house on the bottom ground. Gurevich once more represented the tenant.  
• The Netherland-America Basis signed a three-year lease for 920 sq. toes. Savills’ Sam Mann and Rekha Pednekar represented the tenant. 

“We’ve seen quite a lot of leasing exercise within the Garment District, together with long-term renewals of tenants extending their leases as firms start trying previous COVID, employees return to the workplace and retail visitors continues to choose up,” stated Gurevich.