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Deals & Dealmakers

GFP Real Estate Leases 20,762 Square Feet at 40 Exchange Place in FiDi

GFP Real Estate, LLC is pleased to announce it has signed 20,762 square feet of new lease transactions at 40 Exchange Place in Manhattan’s Financial District.

Allen Gurevich, senior managing director of GFP Real Estate, represented the owner, GFP Real Estate, in each of the following transactions:

·      Golden, Rothschild, Spagnola, Lundell, Boylan, Garubo and Bell P.C., a law firm focused on the defense of civil cases, insurance coverage disputes, and workers’ compensation matters, either on behalf of insurers or self-insured entities, signed a 10-year lease for an additional 7,400 square feet of office space on the 19th floor.  Dylan Weisman and Matthew Siegel of Newmark represented the tenant in the transaction.  GFP will build out new offices, conference rooms and a pantry for the tenant.

·      Mobilo, a tech firm that offers a “smart” business card that allows users to simply tap and share their contact details, gather leads and connect to over 3,000 apps and CRM tools, signed a short-term lease for 6,000 square feet on the 13th floor.  Allen Gurevich of GFP Real Estate also represented the tenant in the direct transaction.

·      SoHo Men’s Health, a patient-focused, innovative specialty care facility, signed a five-year lease for 1,225 square feet of office space on the 17th floor.  Allen Gurevich of GFP Real Estate also represented the tenant in the direct transaction.

·      National Association of Pediatric Nurse Practitioners (NAPNAP), experts in pediatrics and advocates for children, signed a five-year lease for 2,800 square feet of office space on the 19th floor.  Megan Keenan of Keenen Ellicott, Inc. represented the tenant in the transaction.  GFP Real Estate will build out new offices, conference rooms, pantry, and a breakout room for the tenant, as well as install a new tenant-controlled HVAC system.

·      Tasty’s Deli and Café Corp. signed a 10-year lease for 2,087 square feet of ground level and basement level retail space.  In addition to Allen Gurevich of GFP Real Estate, Benjamin Birnbaum and Andrew Taub of Newmarkrepresented the landlord in the transaction; Jordan Raphan of Kassin Sabbagh Realty represented the tenant in the transaction.  

·      Affinity Capital Exchange, the first platform specifically designed for institutional loyalty players to optimize loyalty program economics signed a short-term lease for 1,250 square feet of office space on the 13th floor.  Cole Chartash of Cushman & Wakefield represented the tenant in the transaction.  

40 Exchange Place, formerly known as the Lord’s Court Building, was completed in 1893 by the architect John Townsend Williams.  The building serves as a hub for innovation in the heart of the Financial District of Lower Manhattan and served as the Headquarters for the New York Stock Exchange from 1856 to 1865.  Various office spaces are available ranging from 1,000 to 15,000 RSF and provide flexible yet efficient layouts to accommodate the needs of every tenant

The historic 20-story building has been renovated and re-imagined as the state-of-the-art workplace it is today and enjoys the numerous transportations connections serving Wall Street and the wider Financial District as well as a wide range of dining and retail options.

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