Swarovski, the world-renowned designer and manufacturer of crystal jewelry and objects, will open its eighth location in Manhattan at 365 Madison Avenue, at the base of the Roosevelt Hotel.
RKF arranged the lease on behalf of the landlord and tenant for the 2,141 s/f store consisting of 1,641 s/fon the ground floor and 500 s/f in the basement.
RKF’s Robert Cohen, executive vice president, together with director Jaclyn Totolo, arranged the lease on behalf of Swarovski Retail Ventures, LTD.
The landlord, RHC Operating, was represented by RKF’s executive vice president Gary Alterman and director Pamela Haber.
“Swarovski was quick to recognize the high-profile retail opportunity at 365 Madison Avenue,” said Cohen.
“The space at the base of The Roosevelt Hotel will provide key visibility and offer the prestigious brand access to significant foot traffic along Madison Avenue and the broader Grand Central market.”
Founded in 1895, family-owned Swarovski is headquartered in Austria and in the past years it has developed into a major lifestyle brand with products ranging from jewelry and home décor, to sunglasses, watches and cosmetics.
Currently, Swarovski is the third largest jewelry company in the world following Tiffany and Cartier. Its Manhattan boutiques include Rockefeller Center, The Shops at Columbus Circle and The Bloomberg Tower at 731 Lexington Ave.