GFP Real Estate Inks Eight Leases Totaling 25,277 SF At 515 Madison Ave. In Manhattan’s Plaza District

GFP Real Estate, LLC is pleased to announce eight lease transactions totaling 25,277 square feet at 515 Madison Ave. in Manhattan’s Plaza District.    

Alan David Custom, one of New York City’s preeminent custom-made suit and garment makers, signed a 13-year lease for 9,199 square feet on the third floor.  The space, which faces 53rd Street, offers unique building signage opportunities for the four-generation-old garment maker.  Jonathan Anapol of Prime Manhattan Realty represented the tenant in the transaction; Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord, GFP Real Estate.

Kensico Properties, N.V. Inc., signed a new five-year lease for 4,536 square feet of general and executive office space on the fourth floor.   Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord, GFP Real Estate; Corey Shuster and Arthur Maglio of Douglas Elliman Real Estate represented the tenant.

Touch of Life Physical Therapy P.C., which specializes in orthopedic, spine, sports and pre- and post-surgical rehab physical therapy, signed a new 10-year lease for 3,477 square feet of turnkey space on the 11th floor.   Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord, GFP Real Estate; Paul Walker of CBRE represented the tenant.

Dr. Michael Aziz, a physician, author and broadcast media commentator, signed a new 10-year lease for 2,000 square feet of space on the sixth floor.  Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord, GFP Real Estate; Corey Shuster of Douglas Elliman Real Estate represented the tenant.

Balance Inc., a leader in the design and production of luxury packaging, signed a new seven-year lease for 2,850 square feet of space on the 20th floor.  Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord, GFP Real Estate; Deborah Van Der Hayden of Cushman & Wakefield represented the tenant.

Dr. Tiffany Rice, a specialist in non-surgical aesthetic medicine, signed a new 10-year lease for 2,105 square feet of space on the 12th floor.  Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord, GFP Real Estate; Nick Dellea of Corbett & Dullea represented the tenant.

Audiology Services Company USA, LLC signed five-year lease renewal for its 1,110 square feet of space on the 23rd floor.  Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord, GFP Real Estate, and the tenant in the direct deal.  Audiology Services Company USA, LLC first moved into the building in 2004.

“515 Madison Ave. offers tenants and their clients an incredibly convenient location within the Plaza District,” said Martin McGrath, senior managing director of GFP Real Estate.  “Whether it’s professional services companies, investment firms, fashion retailers or medical users, 515 Madison attracts companies that want to be in the middle of it all.”

Built in 1932 and known as the DuMont Building, 515 Madison is a 42-story, 370,000-square-foot class A building designed by John H. Carpenter. One of the building’s most distinctive features is a broadcasting antenna that traces back to the building’s role in the first television broadcasts of Allen B. DuMont’s experimental television station W2XWV in 1938. This building’s careful restoration of its renovated entrance and lobby in 2009 kept its beautiful architectural elements intact yet modernized for today’s tenants.

Located just south of Central Park, 515 Madison provides access to a multitude of dining options and well-known landmarks like the New York City Center for Performing Arts, Carnegie Hall and Rockefeller Center, which are all just a short walk away. The E and M trains are located in the building and the 6 train is only a block away, providing convenient transportation options.

About GFP Real Estate, LLC

Committed to building a better New York since 1952, GFP Real Estate is a vertically integrated owner, operator, property manager and developer of commercial real estate in the New York metropolitan area. With over 56 buildings and more than 13.8 million square feet under ownership, GFPRE’s portfolio includes some of New York’s most iconic real estate assets.