GFP Real Estate, LLC is pleased to announce two new lease transactions totaling 4,390 square feet at 80 Eighth Ave. in Chelsea.
In the first transaction, The Office & Professional Employees International Union—one of the largest unions of the AFL-CIO with more than 100,000 members—whose mission is to “improve the lives of working families by bringing economic justice to the workplace and social justice to our communities,”—signed a four-year lease extension for its 3,176 square feet on the second floor of the building.
Matthew Mandell of GFP Real Estate represented the landlord, GFP Real Estate, and the tenant, The Office & Professional Employees International Union, in the transaction.
In the second transaction, 3rd Circle Music, Inc., a tenant since 2003, signed a lease extension for its 1,214 square feet of general office and recording studio space on the third floor of the building.
Matthew Mandell of GFP Real Estate represented the landlord, GFP Real Estate, and the tenant, 3rd Circle Music, Inc., in the transaction.
Built in 1929 and standing 282 feet tall, 80 Eighth Ave. is most well-known as the Banker’s Trust Company Building, which has occupied the building for over 70 years. This 20-story building, designed by the esteemed architect, William Whitehall, in a neo-gothic style, offers 185,000 square feet of commercial space and a newly renovated lobby that showcases its authentic architectural elements and modernizes its appeal to today’s tenants.
Located at the crossroads of Chelsea, the Meatpacking District and the West Village, 80 Eighth Ave., is just a block away from Google’s New York Headquarters, Chelsea Market and Apple W14th. The A, C, E and L trains are situated directly behind the building, while the 1, 2, and 3 trains are one block away, providing an easy commute to and from the building.
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.
