Real Estate Weekly
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Deals & Dealmakers

Entertainment company and labor group signs with GFP on Eighth

GFP Real Estate signed two deals totaling 52,769 s/f at 520 Eighth Avenue.

Travel and entertainment company Entertainment Benefits Group is taking 12,769 s/f at in a five-year deal while labor organization Mason Tenders’ District Council Welfare Fund renewed its 40,000 s/f lease for 10 years.

EBG is one of the largest privately held travel and entertainment providers in the United States.

Headquartered in Miami, the company operates a network of consumer and B2B businesses that reach over 60 million users and sell more than eight million admission tickets annually.

“EBG selected 520 Eighth Avenue due to the property’s location in the heart of a bustling Midtown neighborhood,” said GFP Senior Managing Director Matthew Mandell, who acted on behalf of the ownership in the lease negotiations.

“It’s close proximity to a number of public transportation options, as well as a wide array of dining and retail options has made 520 Eighth Avenue a hub for corporate space users from around the country.”

Originally constructed in 1926 as a garment district manufacturing building, 520 Eighth Avenue was transformed into a modern office building in the early 2000s. The building has 50,000 s/f floor plates and a state-of-the-art security system

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