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For Immediate Release
GFP REAL ESTATE ANNOUNCES 5,485 SF OF NEW LEASING ACTIVITY AT 119 WEST 57TH STREET
New York, NY – February xx, 2018 – GFP Real Estate (GFP), a vertically integrated owner, operator, property manager and developer of commercial real estate, and owner Musart Associates, LLC today announced 5,485 square feet of new leasing activity at 119 West 57th Street, a 16-story, 112,000-square-foot building located in Midtown Manhattan.
The announcement was made by Brian Steinwurtzel and Eric Gural, co-CEOs of GFP, which acts as the property’s third-party manager. Roy Lapidus, Managing Director of GFP, represented the ownership in each of the transactions.
NYC's leading physical therapist practice, Cynergy Physical Therapy P.C., signed a new 12-year, 4,800-square-foot lease on the sixth floor of 119 West 57th Street. The tenant relocated from nearby 145 West 57th Street.
Meanwhile, Midtown Nutrition Care, Inc., a Manhattan-based nutrition practice, signed a new 12-year lease for 685 square feet on the 12th floor. The tenant moved from a sublet space on the 14th floor of the building.
Both tenants were delivered their space in white box condition and then built out the premises to meet their individual criteria and needs.
“We are delighted that Cynergy and Midtown Nutrition have chosen to be part of the strong tenant mix at 119 West 57th Street,” noted Mr. Lapidus. “These commitments are a testament to the property’s superior location and strong amenities package as well as the outstanding management.” With a prized midtown location on 57th Street, 119 West 57th Street offers easy access to the F, N, R, Q, and A subway lines. It is also in close proximity to Roosevelt Hospital, Columbus Circle and Central Park.
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About GFP Real Estate GFP Real Estate, led by Jeffrey Gural, Eric Gural and Brian Steinwurtzel, is a vertically integrated owner, operator, property manager and developer of commercial real estate with its 66-year-history of hands-on asset management and owned portfolio of more than 10 million square feet of commercial properties, nearly 9 million square feet of which is based in New York City. GFP Real Estate oversees an additional 3 million square feet for its partners and clients, representing a total of over 13 million square feet under management.