News

Advanced Search

Sarin Buys New York Office Space in Intl. Gem Tower

Jun 30, 2011 11:47 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Sarin Technologies Ltd. entered into an agreement with Extell  to acquire approximately 500 square meters of office space, for $5 million, in the new International Gem Tower in Manhattan.  Sarin will make an initial deposit, with additional payments to be made through the closing in late 2012. Sarin expects to finance a portion of the purchase price via bank loans.

This acquisition allows Sarin to better establish  a base in New York City for expanding service offerings on polished diamonds, according to Uzi Levami, Sarin's chief executive.

''This building is especially suited to Sarin’s needs as it is being constructed especially for the 21st century requirements of the diamond and jewelry industry in this important trading center and will house leading local and international diamond trading companies and service providers," he added.

 

Tags: Jeff Miller, new, purchase, Real Estate, Sarin, york
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.