NEW YORK—Swarovski, manufacturer of crystalline figurines, jewelry, watches, accessories and lighting, will open its first boutique in Brooklyn at 490 Fulton Street. The company has signed a long-term, 2,5000-sq.-ft. lease at the property, which is owned by Stanley Chera’s Crown Acquisitions and certain funds within Perella Weinberg Partners’ Asset-Based Value strategy. RKF represented Swarovski in the transaction.
Other tenants at the building include Express, Planet Fitness and Seattle’s Best coffee, among others. In addition to retail tenants, 490 Fulton Street also houses 120,000 sq. ft. of student housing space for Long Island University.
At its new space, Swarovski will showcase its crystalline works of art, from jewelry to consumer products, including decorative objects and chandeliers.