The Real Deal New York

11 Times Square signs second tenant

Another law firm has signed on to join Proskauer Rose at 11 Times Square, becoming the second tenant at the brand new, 40-story tower by SJP Properties and Prudential Real Estate Investors. According to Bloomberg News, Zukerman Gore Brandeis & Crossman will take 17,144 square feet at the $1.2 billion skyscraper, where Proskauer signed a 406,400-square-foot anchor tenant lease a year ago. The firm will pay “very close” to the asking rent of $72 per square foot for its 15th-floor space, said CB Richard Ellis’ Peter Turchin, who represents the landlords. Zukerman, which has been located on the East Side for more than two decades, is ditching its 10,400-square-foot offices at 875 Third Avenue for 11 Times Square. When its nine-year lease is up, Proskauer has the right to expand into the space. Turchin said that following a few tough years during the downturn, he is now in talks with “a few” more potential tenants for the 1.1 million-square-foot, LEED Gold-certified tower, but declined to say which or how much space they were looking to take. [Bloomberg]

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