**GFP Real Estate Secures Five Leases at 515 Madison Ave., Bringing Occupancy to 95%**
GFP Real Estate, LLC has completed five lease transactions totaling 11,437 square feet at the historic office tower located at 515 Madison Avenue in Manhattan’s Plaza District. These new deals bring the building’s occupancy to an impressive 95%.
The recently secured leases include:
– **Mark Ingram Atelier**: The luxury bridal showroom and boutique expanded its presence in the building by signing a new 20-year lease for an additional 200 square feet, bringing its total space to 10,360 square feet. Martin McGrath of GFP Real Estate and William Grover of Newmark represented both the landlord and the tenant in this transaction.
– **Ladies of Charity of the Catholic Charities of the Archdiocese of NY, Inc.**: The nonprofit signed a five-year lease for 1,277 square feet. McGrath and Grover represented the ownership, while Ellen Sanfilippo and Ephraim Setton of R New York represented the tenant.
– **Grace & White**: This investment management firm renewed its 3,073-square-foot lease for another 10 years. McGrath acted on behalf of GFP Real Estate, with Josh Berger from Norman Bobrow & Co., Inc. representing the tenant.
– **Andrei Mark, DDS, P.C.**: The dental practice extended its lease for another 10 years for 3,794 square feet. McGrath represented the landlord, while Peter Olans of Trident Commercial Realty represented the tenant.
– **George Lederman Inc.**: A long-standing tenant in the building, George Lederman Inc. signed a 10-year lease extension for its 1,293 square feet of office and showroom space. McGrath represented both the landlord and the tenant.
“Since the pandemic, 515 Madison has performed exceptionally well—we’re now nearing full occupancy with close to 100% leased, and several more deals in the pipeline,” said Jeffrey Gural, Chairman of GFP Real Estate. “The demand has been strong, and we expect the building to be fully leased very soon.”
515 Madison Avenue continues to attract a strong tenant mix, solidifying its position as a premier office destination in Midtown Manhattan.
