Luxury French retailer Daum, Inc., along with its sister company Haviland, Inc., has leased 1,500 square feet on the ground and 3,000 square feet on the lower level at the iconic 499 Park Avenue, between 58th and 59th streets.
Daum and Haviland are two international luxury brands, one specializing in Art Glass and the other in Porcelain. Both brands have a rich French heritage that spans more than 130 years. They are distributed and sold worldwide through company retail stores and luxury retailers, and have had an established presence in the U.S. market for over 30 years.
With its new location, Daum Inc. is tripling its size, to support both a retail store presence and corporate offices. The new location is the epicenter of upscale brands that features flatware, antiques, home furnishings, and home accessories between 56th and 59th streets on Park Avenue. For over twenty years, the Daum retail store was located at 694 Madison Avenue.
In the last three years, manufacturers and retailers such as D. Porthault, E. Braun & Co., Maison 24 and Alice Kwartler have joined the existing distinguished retail roster that includes Bernardaud, James Robinson, Scully and Scully, and Chinese Porcelain.
Daum was represented by Jonathan Krivine of Newmark. The landlord, Hines, was represented by Alisa Amsterdam, Gene Spiegelman and Michael O’Neill of Cushman & Wakefield.
Asking rents in this neighborhood are averaging approximately $300 per square foot.
About Newmark
Newmark is one of the largest real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank together operate from more than 240 offices in established and emerging property markets on five continents. With a combined staff of more than 7,000 and revenues last year exceeding $993 million, this major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial markets. For further information, visit www.bgcpartners.com.