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Bulgari moving office HQ to 555 Madison

Fresh off signing a record-setting retail lease, Bulgari is now moving its corporate campus further

555 Madison Avenue

Fresh off signing a record-setting retail lease, Bulgari is now moving its corporate campus further down Madison Avenue.

The luxury¬†Italian jeweler is moving to the Coates family’s 555 Madison Avenue, taking just over 23,000 square feet on the ninth floor.¬†

Michael Goldman of Savills Studley represented Bulgari in the 15-year deal, the New York Post reported, while the landlord was represented by Cushman & Wakefield’s¬†Robert Baraf, Mark Mandell and Ethan Silverstein. Asking rents at the property were $67 per square foot.¬†

In November, Bulgari inked¬†the city’s priciest¬†retail lease at¬†the Crown Building at 730 Fifth Avenue, agreeing to pay rents in excess of $5,000 per square foot.¬†[NYP]¬†— Dusica Sue Malesevic

Source: The Real Deal