T.J. Maxx in negotiations at 14 Wall Street

14 Wall Street

T.J. Maxx appears poised to take on Century 21’s stronghold on discount retail in Lower Manhattan. According to the Post, the cheap fashion purveyor is in talks to lease space at Capstone Equities-owned 14 Wall Street. Broker Peter Ripka, of Ripco Real Estate, was mum on the deal, but T.J. Maxx usually takes between 25,000 and 30,000 square feet of space. Yesterday, news broke that competitor Century 21 would be opening a branch in the soon-to-be-ex-Barnes & Noble space near Lincoln Center, not far from where T.J. Maxx inked a deal at 250 West 57th Street earlier this year. The company, which already has an Upper West Side location at Columbus Square, is also slated to open a location at Bridgemarket, under the Queensboro Bridge. [Post]

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