GFP Real Estate, LLC has announced that The Asian American Foundation (TAAF), a nonprofit organization, has secured a new four-year lease for 6,750 square feet on the 18th floor of 322 Eighth Ave. in Manhattan’s Chelsea neighborhood. The lease agreement was facilitated by Allen Gurevich and Matthew Colavita, representatives of GFP and the tenant, respectively.
TAAF is expected to relocate to its new space in the coming month, once the construction of their general and executive offices is completed. The space was previously occupied by Entech Media.
“We are delighted that TAAF has chosen 322 Eighth Ave. as their new home,” said Gurevich. “As the largest landlord of nonprofits in New York City, GFP is dedicated to offering mission-driven organizations top-quality office spaces in prime locations that can support their growth and make a positive impact.”
322 Eighth Ave. is an iconic office building with a rich history, originally built in 1925 and designed by renowned architects George and Edward Blum. The 21-story building spans an impressive 185,000 square feet. In recent years, the entrance and façade of the building underwent a complete renovation, ensuring a modern and attractive appearance.
This strategic move by TAAF to secure a lease at 322 Eighth Ave. highlights the organization’s commitment to establishing a strong presence in the heart of Manhattan’s bustling Chelsea neighborhood. The area is known for its vibrant atmosphere and proximity to various amenities, making it an ideal location for businesses and nonprofits alike.
With this new lease agreement, TAAF will have access to a spacious and well-designed office space that can accommodate their growing needs. The organization will be able to carry out their important work effectively and efficiently, furthering their mission and impact.
GFP Real Estate, LLC continues to demonstrate its dedication to supporting nonprofit organizations by providing them with high-quality office spaces tailored to their unique requirements. As a trusted landlord in New York City, GFP understands the importance of creating an environment that fosters growth and success for mission-driven organizations.
Overall, this lease agreement between TAAF and GFP Real Estate, LLC represents a significant milestone for both parties. TAAF will benefit from a prime location and a well-designed office space, while GFP reaffirms its commitment to supporting nonprofits and contributing to the growth and impact of these organizations in New York City.
