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
Eight stats tell the tale of Adam Neumann’s rise, fall, and return

Eight stats tell the tale of Adam Neumann’s rise, fall, and return

Eight stats tell the tale of Adam Neumann’s rise, fall, and return
WeWork CEO Sandeep Mathrani (Wikipedia Commons; iStock)

WeWork bonds, already junk, downgraded by Fitch

WeWork bonds, already junk, downgraded by Fitch
Adam Neumann and “Billion Dollar Loser” (Getty; Amazon)

In “Billion Dollar Loser,” WeWork’s “epic rise” and Adam Neumann’s quiet enablers

In “Billion Dollar Loser,” WeWork’s “epic rise” and Adam Neumann’s quiet enablers
Reeves Wiedeman (Photos via Amazon; Reeves Wiedeman; iStock)

The REInterview: Reeves Wiedeman on the manic rise and fall of Adam Neumann and WeWork

The REInterview: Reeves Wiedeman on the manic rise and fall of Adam Neumann and WeWork
Adam Neumann and Marcelo Claure (Getty)

Poof! Adam Neumann’s $185M WeWork gig disappears

Poof! Adam Neumann’s $185M WeWork gig disappears
arrow_forward_ios

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

Loading...