GFP Real Estate (GFP) and owner Adlie Associates announced a 10,500 s/f new lease with trendy baking retailer NY Cake at 118 West 22nd Street in Chelsea.
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, while John Brierty of Newmark Knight Frank acted on behalf of the tenant. The family owned and operated cake decorating and baking supply store that has been beloved by professional and amateur bakers alike was previously located at nearby 56 West 22nd Street for over 20 years.
The move to a larger space at 118 West 22nd Street will increase NY Cake’s operations, which includes the sale of all baking goods as well as a designated teaching area.
“We are thrilled that such a respected Manhattan institution as NY Cake has chosen to continue growing its operations at our property,” noted Lapidus.