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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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