Newswire Mann Report

GFP Real Estate Inks Four Leases Totaling 12,924SF at 515 Madison Ave.

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

GFP Real Estate has signed three lease transactions totaling 12,924 square feet at 515 Madison Ave. in Manhattan’s Plaza District. Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord, GFP Real Estate, in the transactions.

Weiss Wellness, a physiatrists group focused on providing individualized holistic treatment plans to clients, signed a new 10-year lease for 6,536 square feet on the fifth floor. Weiss Wellness was previously located on the third floor of the building in a 4,000-square-foot space; the company first moved into the building in 2017.  McGrath and Grover also represented tenant in the transaction.

Components by John McCoy, importer and manufacturer of high-end Italian and European men’s clothing for sale and distribution to top U.S. specialty stores, signed a five-year lease for 5,212 square feet on the 20th floor for its executive, administrative and general offices.  Jacob Wolkenfeld of Norman Bobrow represented the tenant.

Tower Enterprises, an industrial and commercial HVAC equipment supplier, signed a five-year lease for 650 square feet on the third floor. William Akleh of Sido New York represented the tenant, Tower Enterprises, in the transaction.

Luxury Watch Repairs Inc signed a three-year lease for 526 square feet on the seventh floor.  John Akleh of Sido New York represented the tenant, Tower Enterprises, in the transaction.

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.