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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.”
- ◦Lease
- ◦Sale/Acquisition
