High-End Jeweler Alexis Bittar Signs Lease for HQ in Dumbo Heights
Trendy jeweler Alexis Bittar has signed a 10-year lease for its headquarters at Dumbo Heights, the complex owned by Kushner Companies, RFR Realty and LIVWRK.
First reported by The Real Deal, Alexis Bittar is moving its office headquarters to the entire 10th floor, an 18,800-square-foot space, at 77 Sands Street. TRD noted that the asking rent for the space is $58 per square foot. The company will relocate from 45 Main Street in Dumbo.
Freddie Fackelmayer and Ross Zimbalist from CBRE represented Alexis Bittar in negotiations. CBRE declined to comment on the deal.
A spokeswoman for Kushner Companies and RFR Realty confirmed the deal, but did not comment further.
In 2013, Kushner Companies and RFR acquired the Watchtower portfolio, which included six properties in Dumbo, from the Watchtower Bible and Tract Society of New York for $375 million. The 1.2-million-square-foot portfolio of properties, which includes 117 Adams Street, 175 Pearl Street, 55 Prospect Street, 81 Prospect Street, 77 Sands Street and 90 Sands Street, were repositioned in collaboration with LIVWRK.
Jared Kushner, the chief executive officer of Kushner Companies, is also the owner of Observer Media Group, which publishes Commercial Observer.