1385 Broadway Attracts Prominent Jewelry Company In Sign Of Continued Strong Demand
4 Aug, 2011, New York
Cushman & Wakefield announced today that Jacmel Jewelry, one of the country's largest manufacturers and distributors of fine jewelry, has signed a long-term lease for its corporate headquarters at 1385 Broadway, a midtown office building that recently completed a major capital improvement and renovation program.
Jacmel, which was founded in 1977 and employs more than 1,000 people worldwide, will occupy 23,500 square feet on the entire 8th floor in the 23-story building.
Cushman & Wakefield's Jonathan R. Serko, Diana Gaines, Gary Greenspan and David Malawer serves as the exclusive leasing agents for the building, in addition to Larry Lazerwitz of the firm's Strategic Agency Services Group. The building is owned by B. Bros. Broadway Realty LLC, an affiliate of Bloomingdale Properties Inc. Michael Beyda from Benchmark Properties and Matthew Dweck from Dweck Group represented the tenant.
With this new lease, more than 350,000 square feet has been leased at 1385 Broadway since Cushman & Wakefield was appointed as the exclusive leasing agent for the building in 2010. Remaining availabilities include full floors of 17,000 to 23,500 square feet.
"The strong leasing activity at 1385 Broadway reflects ownership's commitment to offer an environment that combines style and value with a building that is conveniently located near Manhattan's major transportation hubs," said Jonathan R. Serko, a Cushman & Wakefield vice chairman.
The building, which is located between 37th and 38th Streets, is situated just west of Avenue of the Americas, within walking distance to Grand Central, Penn Station and the Port Authority Bus Terminal.
1385 Broadway recently completed a $55 million capital improvement program, which included a new entrance and lobby, replacement of all windows, upgrades to the elevator cabs and mechanicals, as well as common areas and restrooms.
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