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GFP Secures Three Leases at Garment District’s 505 Eighth Ave.

GFP Real Estate, LLC recently secured three new lease transactions totaling 10,857 square feet at 505 Eighth Ave in Midtown Manhattan. The firm’s Allen Gurevich, senior managing director, represented ownership in all three transactions. 

The leases included the following: 

  • Avondale Care Group signed a three-year renewal for its 5,589-square-foot offices. Gurevich also represented the tenant. 
  • Manhattan Beauty, Inc., located at 505 Eighth Ave. since 2003, signed a 10-year lease extension for its 4,348 square feet of retail space on the ground floor. Gurevich again represented the tenant.  
  • The Netherland-America Foundation signed a three-year lease for 920 square feet. Savills’ Sam Mann and Rekha Pednekar represented the tenant. 

“We’ve seen a lot of leasing activity in the Garment District, including long-term renewals of tenants extending their leases as companies begin looking past COVID, workers return to the office and retail traffic continues to pick up,” said Gurevich. 


Inside The Story

GFP Real Estate

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).

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