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Gulaylar Group Purchases The Whole Retail Section at The International GEM Tower

Image New York — Herrick, Feinstein LLP has represented The Gulaylar Group, a diversified Turkey-based company and leader in the international jewelry and diamond industry, in its acquisition of a three-level, 12,000-square-foot retail condominium at Extell Development Company’s International Gem Tower (IGT) on West 47th Street in Manhattan’s diamond district. “The Gulaylar Group has long been a presence in Manhattan’s Diamond District but this new retail condo offers an exceptional opportunity to capitalize on their experience and stellar reputation,” said Barbaros M. Karaahmet, a Partner and co-chair of the firm’s Turkish Practice Group, who has been representing the Gulaylar family for the past 15 years. “We are delighted to have played a role in this significant transaction,” he added.
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