COMMERCIAL
Jewelry Companies Lease 26K SF at 545 Fifth Avenue
Commercial Observer | Dec 9, 2022
COMMERCIAL
Jewelry Companies Lease 26K SF at 545 Fifth Avenue
Commercial Observer | Dec 9, 2022
Two affiliated jewelry companies are moving into 26,228 square feet of office space at The Moinian Group’s 545 Fifth Avenue after signing separate 11-year leases, Commercial Observer has learned.
Sandeep Diamond Corporation and IDD USA are relocating from 535 Fifth Avenue — also owned by Moinian — to occupy the entire fourth and 10th floors of the building three blocks north of Bryant Park, according to the landlord. Each floor is 13,114 square feet.
The Moinian Group did not disclose the asking rents.
“Sandeep Diamond and IDD USA are affiliate diamond companies with an international reach, both in growth mode, who wanted to expand their Midtown presence in a high-traffic area with proximity to both the Diamond District and Grand Central Terminal,” Ted Koltis, executive vice president of commercial leasing for The Moinian Group, said in a statement.