The developer of the half-empty, 1.1 million-square-foot office tower at 11 Times Square has not signed a large lease since the law firm Proskauer Rose struck a deal last May, but it has found a few smaller tenants.
There are “a couple pre-builts with leases” pending, Stephen Siegel, chairman of global brokerage at CB Richard Ellis, said, referring to finished office space constructed by developers to attract companies. He did not identify the companies that took space.
Siegel and Steven Pozycki, CEO of 11 Times Square developer SJP Properties, were on hand last night for the ribbon-cutting led by Mayor Michael Bloomberg for Proskauer Rose opening its new office. Siegel made his comments in a private interview with The Real Deal. … [more]