Lease Beat

Fashion Designer Takes Space at 501 Madison Avenue

501 Madison Avenue

Designer Randi Rahm, who has designed dresses for the likes of Beyonce and Carrie Underwood, has signed a 10-year lease for a 6,433-square-foot office and showroom space on the eighth floor of 501 Madison Avenue, Commercial Observer has learned.

The tenant is expected to relocate to the Plaza District property, where asking rents range from $60 to more than $80 per square foot, in June. The landlord, KRW Realty Advisors, assumed responsibility for the build-out of the space. Read More

Lease Beat

Verigold Jewelry Moves US Office to 3 East 54th Street

Courtesy of Cohen Brothers

Verigold Jewelry will be moving to a new office in Midtown.

The jewelry trading company, previously located on the ninth floor of 501 Madison Avenue, will be moving to an 11,735-square-foot office at 3 East 54th Street. The company is a subsidiary of Mumbai-based Renaissance Group and designs, manufacturers, and sells diamond and gem jewelry. Read More