GFP Real Estate Secures Three Lease Expansions at Chelsea Offices
Three office tenants have expanded their presence at GFP Real Estate’s 322 Eighth Ave. in Chelsea, inking new leases totaling 38,190 square feet. The transactions included the following:
Global public relations agency Purple PR signed a four-year expansion of 5,200 square feet to approximately 18,000 square feet. JLL’s Simon Landmann represented the tenant.
Alzheimer’s Foundation of America expanded by 2,054 square feet for 10 years to 15,690 square feet.
Venture fund company Courtside Ventures Management added 1,800 square feet, also for 10 years, for a total of 4,500 square feet. JSRE Management’s Jeff Sharon represented the tenant.
“Anytime you can keep a tenant in place and accommodate their growth, it’s a win-win for both the landlord and the tenant,” said Allen Gurevich, senior managing director of GFP Real Estate, who represented ownership in all three transactions.
GFP plans further renovations to the circa-1926 property beginning in the third quarter.
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 GlobeSt.com 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).