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New York & Tri-State  + Downtown New York  + Office  |  September 29, 2023
Emily Fu
By: Emily Fu

40 Exchange Place Renews Three Leases

GFP Real Estate has secured three lease renewals totaling 12,385 square feet at 40 Exchange Place in Manhattan’s Financial District.  

Mobilo, a tech firm specializing in smart business cards, signed a short-term lease for 6,000 square feet on the 13th floor. Creative branding agency Loyalkaspar extended its lease for 5,725 square feet on the 15th floor for two years. Z&Li Wellness Acupuncture renewed its lease for 660 square feet on the 17th floor for five years.  

The terms of the deals were not disclosed, but asking rents at the building are approximately $45 per square foot. Allen Gurevich and Matthew Colavita of GFP Real Estate, represented the owner, GFP Real Estate, and the tenants in each of the direct transactions.  

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Inside The Story

Allen Gurevich

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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