Harry Winston is relocating its offices from two Manhattan locations to a 23,000-square-foot space across from the luxury jewelry brand’s flagship retail store at 718 Fifth Avenue.
Harry Winston signed a 15-year lease at 717 Fifth Avenue on the southeast corner of 56th Street, according to a news release from CBRE. CBRE’s Zachary Freeman, Brian Hay and Ryan Alexander negotiated the deal on behalf of the landlord, Equity Office Properties, along with Bill Edwards and Jessica Kanfer from Equity Office Properties.
The asking rent was $86 per square foot, according to Cushman & Wakefield’s Brad Mendelson, who represented Harry Winston along with colleagues Michael Burgio, Alan Schmerzler and Daniel Organ.
Harry Winston’s space on the ninth floor includes a usable terrace of several thousand feet overlooking Fifth Avenue and Central Park. The jeweler will move its offices from 888 Seventh Avenue and 1330 Avenue of the Americas into the new space in about a year, Mr. Mendelson said.
Tenants in the 500,000-square-foot building at 717 Fifth Avenue include Merrill Lynch, Island Capital and Flexpoint Ford.
The lobby showcases David Row‘s artwork, according to the Wall Street Journal, which first reported the deal.