11 Times Square finally lands retail tenant

TRD New York /
May.May 18, 2012 09:00 AM

SJP Properties’ 11 Times Square has finally landed a tenant for part of its 55,000-square-foot vacant retail space. The Wall Street Journal reported that a Russian restaurant company, backed by chain Global Food International, leased 25,000 square feet on the ground floor and mezzanine.

Despite being passed by thousands of people every day, including travelers on their way to the Port Authority Bus Terminal, the space had sat vacant for nearly two years. In fact, since the 1.1 million-square-foot tower was completed at the end of 2010 it has sat 60 percent vacant. The new tenant, brought to the building by James Emden of Colliers International, marks the first major deal for the building since law firm Proskauer Rose signed for space before construction was completed.

SJP, represented by Robert Futterman and Joshua Strauss of Robert K. Futterman & Associates, had been seeking about $500 per square-foot for the space, which drew interest from CVS and Buffalo Wild Wings. [WSJ]


Related Articles

arrow_forward_ios
UWS tower may be in jeopardy following Supreme court zoning ruling

UWS tower may be in jeopardy following Supreme court zoning ruling

SJP and Prudential buy 470 Park Ave South for $245M

SJP and Prudential buy 470 Park Ave South for $245M

SJP, Mitsui Fudosan land $460M in financing for UWS’s tallest development

SJP, Mitsui Fudosan land $460M in financing for UWS’s tallest development

Making the old new again: NJ’s biggest city is betting big on office development

Making the old new again: NJ’s biggest city is betting big on office development

SJP, Mitsui Fudosan clinch big victory in supertall battle

SJP, Mitsui Fudosan clinch big victory in supertall battle

Two developers place $1B bet on Newark

Two developers place $1B bet on Newark

SJP signs hedge fund to lease at 11 Times Sq.

SJP signs hedge fund to lease at 11 Times Sq.

45 Park condo board looking to kick out ex-NFL player

45 Park condo board looking to kick out ex-NFL player

arrow_forward_ios