Lease Beat

Jewelry Purveyor Renews, Expands at 579 Fifth Avenue

579 Fifth Avenue (Photo courtesy of Stawski Partners)

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.

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Lease Beat

Jewelry Manufacturer Relocating to 555 Fifth Avenue

555 Fifth Avenue

New York-based fine jewelry designer and manufacturer Jewels By Star has signed a 15-year, 10,153-square-foot lease for a portion of the 7th floor at ATCO Properties & Management’s 555 Fifth Avenue.

The company, founded in 1979 and known for its handcrafted wedding and anniversary bands, necklaces, bracelets and rings sold exclusively to fine retail jewelers Read More

Lease Beat

Bank Leumi USA Leases 60,000 Square Feet At Polished Up 579 Fifth Avenue

579 Fifth Avenue (Photo courtesy of Stawski Partners)

Bank Leumi USA signed a 20-year, 60,000-square-foot lease at 579 Fifth Avenue and will fan out across five floors of the 17-story, 150,000-square-foot Midtown building. The American satellite of the Israeli bank currently has a branch at the ground floor storefront. Asking rents were in the $60 per square foot range.

Brian Gell of CBRE represented the tenant. Sam Seiler, Stephen Kenneth Eynon and Edward Goldman–also of CBRE–represented the landlord, Axel Stawski. Read More