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EGL USA to Make 580 Fifth Ave. its Headquarters

580 Fifth is undergoing a $50M capital improvement program.
Jun 22, 2010 10:45 AM   By Jeff Miller
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RAPAPORT... EGL USA will make 580 Fifth Avenue, New York its new headquarters.  EGL USA will relocate from its current 48th Street address into the new space and open a lab there toward the end of July. EGL USA opened its lab in the Diamond District way back in 1977 and today has laboratories here in Manhattan and in Los Angeles, Vancouver and Toronto.

“Our new space at 580 Fifth Avenue will allow us to provide enhanced convenience for our customers,” said Mitch Jakubovic, the director of EGL USA. “We’re looking forward to offering the advantages of both the location and facilities of the building.”

Executive building manager Kenneth Kahn said, “We are greatly honored that EGL USA has chosen 580 Fifth Avenue as their new home and look forward to welcoming them to the building later this month. For almost 60 years, '580' has been instantly recognizable as the headquarters for the diamond and jewelry industry in New York, allowing us to attract tenants with the name recognition and prestige of EGL USA.”

580 Fifth Avenue has its own post office for handling registered gem and jewelry shipments; a customs brokers for shipping and receiving; leading armored transport companies, such as Brinks, Malca-Amit, Dunbar Armored and Ferrari Express; and a vault in the lower lobby with a 22-ton door. The building is currently completing a $50 million capital improvement program to enhance the interior and exterior of the building.

LH

Tags: Jeff Miller, Jewelry, Laboratories
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