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New York & Tri-State  + Downtown New York  + Office  | 

Family Foundation Moves to GFP’s Bankers Trust Building

The Esther A. & Joseph Klingenstein Fund, a family foundation which supports independent education, early childhood development and basic neuroscience research, will relocate from 125 Park Ave. to 80 Eighth Ave. in Chelsea.

Cushman & Wakefield’s Debra Wollens and David Lebenstein represented the tenant in the transaction. The landlord was advised by Matthew Mandell of GFP Real Estate.

“The new space at 80 Eighth Avenue will enable the Fund to continue their meaningful work in a bright, contemporary office with views of the city,” said Wollens. “The office in Chelsea provides an excellent, accessible location for staff and grantees in a highly sought-after neighborhood.”

Completed in 1929 and originally known as the Bankers Trust Building, 80 Eighth offers 185,000 square feet of commercial space across 20 stories. The lobby was recently restored and renovated to showcase the building’s authentic architectural elements.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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