“Netflix of luxury watches” gears up for move to Fifth Avenue

Eleven James inks deal for 11K sf at Stawski’s 579 5th

New York /
Dec.December 20, 2017 04:40 PM

579 Fifth Avenue and Eleven James CEO Olivier Reza (Credit: Stawski Partners and Eleven James)

The startup known as the “Netflix of luxury watches” is upgrading to the office version of a premier membership.

Eleven James, a membership club for luxury timepieces, signed a lease for just over 11,000 square feet at Stawski Partners’ 579 Fifth Avenue, the landlord’s brokers told The Real Deal.

The 10-year lease covers the entire 10th floor at the 150,000-square-foot boutique office tower at the corner of East 47th Street.

The leasing team “worked closely with Eleven James to configure a layout that accommodated its operations onto a single floor,” said JLL’s Paul Glickman, who negotiated the deal on behalf of Stawski Partners along with his colleagues Benjamin Bass, Diana Biasotti, Kristen Morgan and Walter Rooney.

Newmark Knight Frank’s Ross Perlman, Lee Brodsky and Ryan Gessin represented Eleven James, which is relocating from a small, side-street building at 12 East 44th Street owned by Queens-based First Pioneer Properties.

Stawski recently upgraded its 17-story building with an expanded all-marble lobby, a two-story glass storefront and white glass spandrels on the building’s façade that highlights the original Emery Roth & Sons design.

Bank Leumi, Hubb NYC Properties and the hedge fund Hollis Park Partners also call the building home.

(To view more of Stawski Partners’ offices leases, click here)


Related Articles

arrow_forward_ios
Google CEO Sundar Pichai (Getty, iStock)
Google’s hybrid model will allow 20% of employees to work remotely
Google’s hybrid model will allow 20% of employees to work remotely
Barry Gosin (Getty, Newmark)
Newmark posts record Q1 revenue
Newmark posts record Q1 revenue
Illustration of Amazon's Jeff Bezos (Photo illustration by Kevin Rebong for The Real Deal)
No room in the warehouse: Amazon fuels shortage
No room in the warehouse: Amazon fuels shortage
RXR Realty's Scott Rechler with 75 Rockefeller Plaza (Getty, David Shankbone/Wikimedia)
RXR Realty serves American Girl with a lawsuit
RXR Realty serves American Girl with a lawsuit
SL Green's Marc Hollday, 635-641 Avenue of the Americas, Infor's Kevin Samuelson. (Infor, SL Green)
Software company Infor renews 90K sf Chelsea lease
Software company Infor renews 90K sf Chelsea lease
SL Green’s director of leasing Steve Durels and One Vanderbilt. (SL Green, One Vanderbilt)
SL Green to offer flex offices at One Vanderbilt
SL Green to offer flex offices at One Vanderbilt
Katie Kurtz and Silverstein Properties chairman Larry Silverstein (Silverstein, Getty)
Silverstein Properties hires Katie Kurtz as new CFO
Silverstein Properties hires Katie Kurtz as new CFO
U.S. District Court Judge Dabney Friedrich (Senate/Chris Coons, iStock)
Judge strikes down federal eviction ban
Judge strikes down federal eviction ban
arrow_forward_ios

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

Loading...