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

Seaport Group Calls 360 Madison Avenue Home

Courtesy of Stawski

The Seaport Group has renewed and expanded its office lease in Midtown, the Commercial Observer has learned. 

The global investment bank continues to expand its presence at the building, adding another 12,283 square feet to its direct 12,283-square-foot lease on the 21st and 22nd floors of 360 Madison Avenue. The firm also subleases another 12,283 square feet in the building, bringing its total occupancy to 36,849 square feet. 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