The Real Deal New York

T.J. Maxx expands by 19K sf at ESRT’s Columbus Circle building

Store at 250 West 57th Street now spans 47K sf in total
By Eddie Small | February 26, 2018 12:50PM

T.J. Maxx at 250 West 57th Street (Credit: Google Maps)

UPDATED, 10:02 a.m. Feb. 27: Maxxinistas, rejoice: T.J. Maxx is upping its footprint at its Columbus Circle location.

Tom Durels, Empire State Realty Trust’s executive vice president of leasing and operations, said in the firm’s fourth-quarter earnings call that the company had extended its lease and added 19,000 square feet to its store in ESRT’s building at 250 West 57th Street. The retailer’s space now spans 47,000 square feet overall, and Ripco Real Estate represented it in the transaction.

Representatives from T.J. Maxx did not immediately respond to a request for comment.

The office building stands 26 stories tall, and other tenants include Mount Sinai Health System and the American Society of Composers, Authors and Publishers.

T.J. Maxx signed an 18,000-square-foot lease at 483 Broadway in Soho at the end of 2017. In 2016, the retailer signed a lease in Harlem at 5 West 125th Street.

Empire State Realty Trust is planning a gut renovation of the retail space at its namesake tower, where 50,000 square feet of leases are set to expire in the next two years. The real estate investment trust has struggled to fill the building with exciting tenants, and regulatory filings reveal that there’s a sizable gap between what existing tenants are paying and what ESRT has been asking for vacant space.

CORRECTION: An earlier version of the story stated that Tom Durels works for T.J. Maxx. He works for Empire State Realty Trust.