Alexis Bittar moving HQ to Dumbo Heights campus

High-end jeweler inks deal for nearly 19K sf at 77 Sands

TRD New York /
May.May 21, 2015 03:05 PM

High-end jewelry retailer Alexis Bittar is moving its office headquarters to the Dumbo Heights campus, The Real Deal has learned.

The company signed a 10-year lease for a full-floor 18,800-square-foot space on the 10th floor at 77 Sands Street, also known as 137 Pearl Street, according to sources familiar with the deal. The 12-story, 225,000-square-foot property is part of a five-building complex being developed by Jared Kushner’s Kushner Cos., Aby Rosen’s RFR Realty and Asher Abehsera’s LIVWRK.

Asking rent for the space is $58 per square foot, sources said.

This is the latest office lease to be signed after WeWork and Etsy locked down sizable spreads at both 77 Sands and 81 Prospect Street.

CBRE’s Freddie Fackelmayer and Ross Zimbalist, who are representing the tenant, declined to comment, as did representatives for the developers.

Since 2003, Alexis Bittar has been based at Two Trees Management’s Dumbo office building at 45 Main Street, where it occupies more than 26,000 square feet across three floors, according to CoStar Group data. The company has retail locations in the city at 465 Broome Street, 353 Bleecker Street, 1100 Madison Avenue and 410 Columbus Avenue.

Earlier this week, coffee shop Bluestone Lane inked a retail lease for The 55 Prospect Street building.

The developer acquired the Dumbo Heights complex in 2013 from the Jehovah’s Witnesses for a total of $375 million. Invesco Real Estate is an equity partner in the project.


Related Articles

arrow_forward_ios
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
WeWork CEO Adam Neumann (Credit: Getty Images and iStock)

WeWork’s side businesses are fizzling

WeWork’s side businesses are fizzling
Sarah Pontius (Credit: Union College)

Another head rolls at WeWork

Another head rolls at WeWork
WeWork CEO Sandeep Mathrani (Getty)

WeWork sells majority stake in China division

WeWork sells majority stake in China division
WeWork CFO Benjamin Dunham and Kimberly Ross (LinkedIn)

WeWork shakes up chief finance post

WeWork shakes up chief finance post
Office is out, school is in: Co-working operators try to lure students into workspace

Office is out, school is in: Co-working operators try to lure students into workspace

Office is out, school is in: Co-working operators try to lure students into workspace
Amazon CEO Jeff Bezos (Credit: Getty Images)

Amazon plans office expansion in six US cities

Amazon plans office expansion in six US cities
Jared Kushner and Cadre CEO Ryan Williams (Getty, iStock)

Jared Kushner’s plan to unload Cadre stake shelved by pandemic

Jared Kushner’s plan to unload Cadre stake shelved by pandemic
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...