Watchmaker Accutime Renews HQ at 1001 Avenue of the Americas

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Watch manufacturer Accutime Watch Corporation is keeping its headquarters at 1001 Avenue of the Americas after agreeing to renew its 12,107-square-foot offices at the Garment District building, Commercial Observer has learned.

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Accutime signed a seven-year lease to remain in its space, comprising the entire sixth floor of the 24-story, 240,000-square-foot property at the northwest corner of West 37th Street and Avenue of the Americas, according to sources with knowledge of the transaction.

Asking rent in the deal was in the mid-$50s per square foot. Landlord ABS Partners Real Estate was represented by an in-house team of James Caseley, Alison Miller, Gregg Schenker, Earle Altman and Steven Hornstock; that team also worked on behalf of tenant Accutime, according to ABS.

“We are proud to have maintained an excellent relationship with Accutime and are happy that 1001 Avenue of the Americas continues to meet their needs,” Caseley said in a statement.

Other tenants at building include accounting firm Schulman Lobel, engineering firm Lilker Associates Consulting Engineers and social media marketing firm The Social Edge.