GFP Renews Long-Term Tenant, Then Puts Property on the Market
Twin Marquis, a New York-based, South Korean-owned manufacturer of fresh, authentic Asian noodles and wrappers, has signed a 10-year lease renewal for 71,500 square feet at GFP Real Estate’s 7 Bushwick Pl. on the border of Bushwick and East Williamsburg, Brooklyn, where it’s been based since 2004. With the renewal in place, GFP is putting the property up for sale at an asking price of $30 million.
Avison Young’s principal and head of Tri-State Investment Sales James Nelson, directors Brent Glodowski and Fritz Richter and associate Adriana Stacy will lead the marketing and sales efforts on behalf of GFP.
“With a new long-term lease in place, 7 Bushwick Pl. presents the perfect opportunity for an investor to purchase a stabilized asset in the heart of East Williamsburg occupied by a credit tenant,” said Nelson. “We are thrilled to represent GFP and their partners on this tremendous long-term investment opportunity.”
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).
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