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Jewelry Manufacturer Cuts HQ Deal on Broadway

NEW YORK CITY-A Cushman & Wakefield leasing team has brought Jacmel Jewelry to Bloomingdale Properties’ 1385 Broadway, highlighting this week’s wrap-up of deals.

By Paul Bubny | Updated on August 05, 2011

New York City

Manufacturer and distributor Jacmel Jewelry has cut a long-term deal for 23,500 square feet at 1385 Broadway, which will serve as its headquarters space. It’s taking the entire eighth floor of the 23-story building, which recently underwent a $55-million capital improvement program designed by MKDA. The property’s Cushman & Wakefield leasing team of Jonathan R. Serko, Diana Gaines, Gary Greenspan and David Malawer represented the ownership, B. Bros. Broadway Realty LLC, an affiliate of Bloomingdale Properties Inc. Michael Beyda from Benchmark Properties and Matthew Dweck from Dweck Group represented Jacmel. Terms were not disclosed; asking rents for neighboring office properties along Broadway and Seventh Avenue range from the high $30s to mid $40s per square foot. The C&W team has leased more than 350,000 square feet at the 435,678-square-foot property since taking over leasing in 2010.

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