New York City Tiffany & Co. announced that its New York subsidiary has signed a lease for office space to house headquarters’ staff at 200 Fifth Avenue (at 23rd Street), a building formerly known as the International Toy Center.
Currently, Tiffany’s headquarters’ staff is located in three separate locations in midtown Manhattan. The move, expected to occur in spring 2011, will enable Tiffany to consolidate all personnel in one location and generate occupancy savings.
Michael J. Kowalski, chairman and chief executive said, “This is an excellent opportunity to lock in meaningful long-term savings in occupancy costs, and to gain efficiencies from housing everyone in one location. We are also pleased that the renovated 200 Fifth Avenue building, which recently celebrated its centennial, is expected to be designated a ‘green’ office building that is LEED-certified for its environmental and energy efficient features, consistent with Tiffany’s corporate sustainability philosophy.”