November 26, 2018
Online luxury goods hub Farfetch.com, valued at $8 billion in its recent IPO, has signed a new 10-year, 14,875-square-foot lease for a full tower floor at RFR Realty’s 285 Madison Ave. Separately, online trading platform LiquidX Inc. has signed on for 7,813 square feet at the repositioned office tower.
RFR’s director of leasing, Al Camhi, said Farfetch was drawn to “the tower’s excellent location and exceptional on-site amenities.” The property is in the final stages of lease-up, he added.
RFR acquired 285 Madison vacant in 2012, and has undertaken a $65-million renovation program. Its retail component is 100% occupied.
JLL’s Bill Peters, Josh Stuart and Christian Allen represented Farfetch in lease negotiations. LiquidX was represented by CBRE’s Matthew McBride.
Camhi and Ryan Silverman, RFR’s VP of leasing, represented ownership in both deals, along with a JLL team of Alexander Chudnoff, Mitchell Konsker, Dan Turkewitz and Diana Biasotti.
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