New York & Tri-State + Midtown New York + Office | November 26, 2018

Farfetch Moves Operations to RFR’s 285 Madison

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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