Beny Sofer, a leading supplier of fine jewelry, has secured a 10-year lease for a 7,300-square-foot space at the prestigious address of 535 Fifth Ave in Midtown East. The company will occupy the entire 15th floor of the building and plans to move in during the second quarter.
The transaction was handled internally by Beny Sofer’s team. The landlord, The Moinian Group, was represented by Omar Sozkesen from their own firm and Mitchell Arkin from Cushman & Wakefield.
535 Fifth Ave has experienced significant leasing activity within the diamond and fine jewelry industry over the past year and a half. Notable tenants such as International Gemological Institute, Prima Gems,and Ukrainian Diamond Corp have recently signed new leases while Sandeep Diamond Corp.and IDD USA have expanded their presence in this highly sought-after location. With all retail spaces fully occupied,the property boasts renowned tenants including Best Buy,Läderach,the NBA Store,and Paris Saint Germain.
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