Newswire Mann Report

GFP Real Estate Inks Four Leases at 515 Madison Ave.

515 Madison Ave. (Photo courtesy of GFP Real Estate)

GFP Real Estate announced four lease transactions totaling 11,771 square feet at 515 Madison Ave. in Manhattan’s Plaza District.

“We have been seeing an increase in leasing activity as companies are returning to the office after the summer months,” said Martin McGrath, senior managing director of GFP Real Estate.

MTN Capital Partners, an independent private equity firm, signed a two-year lease for 3,956 square feet on the 37th floor. MTN will use its space for its executive offices.  Highwater Capital Group, a fully integrated real estate investment firm specializing in acquisitions, development, property and asset management and construction, signed a one-year lease extension for 3,655 square feet on the 13th floor. Dr. Henrik Zakari, M.D. signed a five-year lease for 1,330 square feet on the 38th floor for offices and patient visits. Carvin French Jewelers, a custom jeweler for top designers, jewelry stores and individuals,  signed a one-year lease extension for 2,821 square feet on the 5th floor. Primarily selling 18 karat yellow gold, white gold and platinum pieces, this long-term tenant has been in the building for over 10 years, using its space for offices.

Martin McGrath of GFP Real Estate represented the landlord, GFP Real Estate, and the tenant in each of the transactions below.