Leo Schachter & Company announced that the company purchased over 11,000 square feet at the International Gem Tower, Rough&Polished were reported at Extell Development. Upon completion in 2012, Schachter & Co. will move their New York operations into new, state-of-the-art headquarters encompassing half a floor in the industry center currently under construction on 47th Street.
"While our business has grown and expanded globally over the past 60 years, we never forget that our founding roots are in the heart of the 47th Street Diamond District," commented Elliot Tannenbaum, principal of the company.
"For the past two years we have been considering purchasing at the IGT as a way to consolidate our different lines of business into one location in New York. Today's agreement to purchase the tower floor not only gives us a prestigious environment within which Leo Schachter management and professional staff can take great pride, but will also serve as a premier venue to welcome our valued customers," Tannenbaum said.
"Leo Schachter's move to the IGT further solidifies our vision of the Gem Tower becoming the destination for elite local and international companies in this industry," said Raizy Haas, SVP for Extell Development Company.
Tatiana Alexandrova, Rough&Polished, Moscow
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