RED BANK, NJ-Tiffany & Co. is the latest noted retail name to join the ranks along this city’s main shopping street. The legendary jewelry and gift chain has signed a lease for 6,000 sf, or about two-thirds of a vacant 9,500-sf retail building at 105 Broad St. The deal was brokered by Danielle Brunelli-Albrecht, vice president of the Old Bridge-based RJ Brunelli & Co., exclusive broker for the building’s owner, local businessman Larry Garmany.

Terms were not released. It is the jeweler’s fourth New Jersey store.

The building was vacant because its owner and previous occupant, Garmany, had moved his upscale apparel store to an adjacent 38,000-sf building in a major expansion. As reported by, Garmany bought the adjacent 121 Broad St. in 2003 from David Cronheim & Co. for $4.5 million after the previous tenant, regional department store chain Bon Ton, declined to renew its lease and left. After relocating to the larger building in late 2004, Garmany retained 105 Broad St. and put it on the market for lease after renovations.

The signing of Tiffany, which expects to open in November, leaves two remaining spaces of 1,360 sf and 2,360 sf, both with frontage on Broad Street. The larger space includes a mezzanine.

“We are currently in discussions with a number of luxury retailers to accompany Tiffany in this building,” says Brunelli-Albrecht. The objective at 105 Broad St., she says, was “to introduce luxury merchants that would complement the neighboring Garmany’s offering of designer fashions. Securing a retailer like Tiffany went a long way in fulfilling that objective. We hope to round out the mix with Madison Avenue or Soho retailers.”

This city’s Downtown draws from a residential population of almost 230,000 people in northern Monmouth County. Tiffany joins a merchant roster along Broad Street that now includes names like Restoration Hardware, Nirvana, CoCo Pari, Duxiana, Hamilton Jewelers and Von Dutch.

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