FAO Schwarz makes a Midtown comeback

Toy store inks 19K sf lease at Rockefeller Center

TRD New York /
Dec.December 07, 2017 04:50 PM

30 Rockefeller Plaza and Rocky Balboa (Credit: Tishman Speyer and United Artists)

FAO Schwarz is back, baby. More than two years after closing its doors at the GM Building, the legendary toy store inked a 19,000-square-foot lease at Tishman Speyer’s 30 Rockefeller Plaza.

The new store in the Art Deco tower will be a lot smaller than its old space at 767 Fifth Avenue, which spanned 61,000 square feet, Commercial Observer reported. The retailer cited the high rent as a reason why it left its home of 30 years.

ThreeSixty Group bought FAO Schwarz from Toys “R” Us last year.

Cushman & Wakefield represented the tenant. The new store will replace the NBC Experience Store, which is closing for good. [CO]Konrad Putzier


Related Articles

arrow_forward_ios
An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

arrow_forward_ios