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New York

TJ Maxx inks lease at Aurora’s 5 West 125th Street

Retailer joins WeWork, Bed Bath & Beyond at Harlem development

TJ Maxx leased space at 5 West 125th Street, currently under construction
TJ Maxx leased space at 5 West 125th Street, currently under construction

TJ Maxx is the latest retailer to make its home at Aurora Capital Associates’s development in Harlem, taking 20,000 square feet on the lower level at 5 West 125th Street.

The clothing chain will share the eastern lobby with Bed Bath & Beyond, which took the second floor and leased 30,000 square feet in 2014, the New York Post reported. Coworking giant WeWork, whose valuation recently jumped to $15 billion, leased the third floor.

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Ripco Real Estate’s Esther Bukai represented the tenant and the asking rent was $50 per square foot.

Aurora Capital [TRData] and the Adjmi family are developing the the 130,000-square-foot project at 5 West 125th Street between Lenox and Fifth avenues, which will also include 30 residential units. Retail space of 18,000 square feet on the ground floor is still available.

The mixed-use project is near Thor Equities’ 17 West 125th Street. Thor bought the site for $30 million last year. [NYP, 3rd] — Dusica Sue Malesevic

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Aurora Capital AssociatesHarlem