Retail conglomerate Limited Brands has inked a deal for almost 100,000 square feet of office space at 1740 Broadway, at 56th Street, the New York Observer reported.
The company, which owns retailers such as Victoria’s Secret and Bath and Body Works, has signed for floors 14 through 17 in a 10-year lease, engineered to coincide with the expiration of their other space in the Vornado-owned building, where they currently lease approximately another 400,000 square feet.
Sources told the Observer that the rent was in the $60s per square foot.
A CBRE team headed by Mary Ann Tighe, Eric Deutsch and Ken Meyerson represented the tenant, and an in-house leasing team led by Glen Weiss of Vornado handled the deal for the landlord.
Vornado is also in talks to lease 320,000 square feet to Guggenheim Partners, a financial services firm, at 330 Madison Avenue, the Observer said. [NYO]