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Luminaire inks deal for showroom in West Hollywood
The 21K sf lease with Crown Equity is the Miami-based firm's first West Coast location
The furniture showroom Luminaire is coming to West Hollywood.
Luminaire, the Miami-based company, has inked a 10-year lease at Crown Equity’s 8840 Beverly Boulevard in West Hollywood. The company will occupy 21,000 square feet in the two-story showroom, which will open in October. It will be the high-end retailer’s first location on the West Coast.
The building was constructed 60 years ago, but was renovated in the last decade with floor-to-ceiling glass walls. More renovation work took place earlier this year. The last tenant was Antiquarius Jewelry Mart, a jewelry and antiques market that spanned both floors. Luminaire joins a number of furniture showrooms in the immediate area, including Poliform, Ligne Roset, and Niche Beverly.
Luminaire has three locations in Miami and one in Chicago. It was founded by Nasir and Nargis Kassamali in 1974 in North Miami Beach, and specializes in modernist and contemporary furniture.
Cushman & Wakefield’s Carine Mamann and Kazuko Morgan represented Beverly Hills-based Crown Equity in the deal.
Crown Equity, a real estate investment company, was founded by Michael Shabani.
West Hollywood is seeing a steady flow of development. The Arts Club, a swank British private institution, received its final approvals earlier this week to build a nine-story mixed-use building at 8920 Sunset Boulevard.