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CRESA engineers 10,000 s/f deal for Movado.


On behalf of Movado Group, Inc. CRESA Partners has arranged a long-term Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term.
 lease for 9,914 s/f of space on the 15th floor at 25 West 39th Street, known as the Engineering Society Building.

Movado Group, Inc., one of the world's premier watch companies, was represented by Marcus Rayner and Dennis Gralla, principals, and Ed Wartels, assistant vice president, all of CRESA Partners. Rand Rand  

See Witwatersrand.



rand 1  
n.
See Table at currency.



[Afrikaans, after(Witwaters)rand.
 Pear and Paul Walker at CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  represented the owner.

"This was a strategic decision by Movado Group," said Gralla of CRESA Partners, which has represented Movado for over nine years in all of its real estate, tenant representation and corporate service needs. "The new space will be used for public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most  offices and as a grand-scale, multi-brand showroom."

"The clients are extremely excited about their new location," said Rayner. "They are now in close proximity to major industry events, such as New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Fashion Market Week, which takes place a short walk away in Times Square."
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Sep 6, 2006
Words:163
Previous Article:CBRE rises to occasion with Phoenix lease.(FINANCE)
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