Neighborworks America, a mission-driven nonprofit organization dedicated to “creating opportunities for people to live in affordable homes, improve their lives and strengthen their communities,” has signed a new five-year lease for 4,300 square feet at 505 Eighth Ave., announced building owner/manager GFP Real Estate LLC
Allen J. Gurevich, senior managing director of GFP Real Estate, represented the landlord in the transaction; Ellen Herman, executive vice president of JLL Real Estate, represented the tenant.
“Securing new space within the building was a win-win that exemplifies how a strong tenant-landlord relationship can benefit both parties,” said Gurevich. “505 Eighth Ave. has served Neighborworks and its clients well for the past four years as it is close in proximity to the Penn Station-Port Authority corridor and the many transportation lines serving the area.”
Neighborworks, a tenant at the building since 2018, previously occupied a suite on the 16th floor. GFP Real Estate plans to reconfigure and cosmetically update the new office space for the non-profit with a large boardroom, refreshed pantry area and upgraded glass finishes.
