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GFP Continues Lease-Up at 515 Madison Ave.

GFP Real Estate has secured six lease transactions totaling 28,804 square feet at 515 Madison Ave. in Manhattan’s Plaza District. They include the following:

  • Zadig & Voltaire, a Paris-based fashion house, signed 10-year lease for 12,000 square feet spread across the ground, second and third floors. Michael Leifer of Runyon Group represented the tenant; Jeffrey Gural and Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord.
  • Mark Ingram Atelier, a luxury bridal showroom and boutique, signed a 15-year lease for 8,340 square feet. Curtis Woodside and Lisa Rosenthal of Compass represented the tenant; Gural, McGrath and Grover represented ownership.
  • Fagenson & Co., Inc., a private investment bank and investment services firm, has signed a five-year lease for 2,238 square feet. Noam Benamy of represented the tenant; McGrath and Grover represented ownership.
  • Padell Business Management, an accountant and business management services firm specializing in representing musicians, producers, actors, athletes and screenwriters, signed a seven-year lease for 2,801 square feet. Colliers’ Michael Joseph represented the tenant; McGrath and Grover represented ownership.
  • CNP Staffing Group, a professional staffing group that specializes in staffing solutions for nonprofit organizations, signed a seven-year lease for 1,725 square feet. Jake Payne of RHI Group LLC represented CNP; McGrath and Grover represented ownership..
  • Cleveland H. Dodge Foundation, Inc., a nonprofit organization founded in 1917, signed a new 10-year lease for 1,700 square feet. Brett Shannon of CBRE represented the tenant; McGrath and Grover represented ownership.

“515 Madison Ave. continues to attract high-end fashion houses, retailers and professional services companies looking to capitalize on the high volume of foot traffic from office workers, residents and tourists alike, and the building’s convenient location just off the 6, E and M trains,” said McGrath.


Inside The Story

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).

  • ◦Lease