Lease Beat

Jewelry Purveyor Renews, Expands at 579 Fifth Avenue

Italian fine jewelry purveyor Roberto Coin Inc. has signed a 10-year renewal and expansion at 579 Fifth Avenue, Commercial Observer has learned. The tenant has leased the building’s entire 16th and 17th floors for a total of 9,134 square feet.

Roberto Coin had previously occupied approximately 7,000 square feet at the Stawski Partners’ property. The landlord recently completed a major renovation of the building designed by Kohn Pedersen Fox. Upgrades included a two-story transparent storefront, a new lobby and elevator improvements.

579 Fifth Avenue (Photo courtesy of Stawski Partners)

579 Fifth Avenue (Photo courtesy of Stawski Partners)

“Ownership’s recently completed repositioning of the asset now enables 579 to compete with other high-end, boutique buildings in the immediate area, and Roberto Coin’s continued commitment speaks to the strong demand for tenants to be here,” said Sam Seiler of CBRE, who represented the landlord, in a statement.

The 17-story property at 579 Fifth Avenue boasts several full floors of availability, including the 7,620-square-foot 15th floor. Ideal tenants for the building include boutique financial services firms and other corporate users.

As reported by Commercial Observer, the landlord signed Bank Leumi USA to a 20-year, 60,000-square-foot anchor tenant lease at 579 Fifth Avenue last year.

Mr. Seiler represented the landlord alongside Stephen Eynon and Edward Goldman. The brokers were not immediately available for further comment. 

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