British toy store Hamleys close to inking 15-year lease at 2 Herald Square

Store would occupy about 30K sf in the building

New York /
Dec.December 06, 2018 10:30 AM

Hamleys in London (Credit: Getty Images)

The British toy store Hamleys is close to opening its first store in the U.S. at SL Green’s 2 Herald Square.

The 258-year-old toy seller would lease about 30,000 square feet in the building, according to Commercial Observer. This would be split between about 11,000 square feet at grade, 15,000 square feet on the second floor and 4,000 square feet in the basement.

The deal is likely to close at the beginning of 2019, and the store would then open at the beginning of 2020. Hamleys would have a 15-year lease, and the asking rent is $8 million per year.

Meanwhile, other toy retailers have struggled. Toys “R” Us declared bankruptcy earlier this year and is selling off its portfolio, although a group of stakeholders in the company are working on a plan to relaunch the brand as a toy wholesaler.  Famed New York toy store FAO Schwarz just reopened a store at Rockefeller Center.  [CO]  – Eddie Small


Related Articles

arrow_forward_ios
The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)
SL Green puts Daily News building up for sale
SL Green puts Daily News building up for sale
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green’s locks in big bank lease at Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
Main-MainImage_.psd FT-Thumbnail_.psd
Blackstone to net $4B profit in sale of Vegas casino
Blackstone to net $4B profit in sale of Vegas casino
Oxford lands $1.4B CMBS financing for $2.2B KKR industrial portfolio purchase
Oxford lands $1.4B CMBS financing for $2.2B KKR industrial portfolio purchase
Oxford lands $1.4B CMBS financing for $2.2B KKR industrial portfolio purchase
290 Motor Parkway, the office of Flexible Business Systems (Getty, Google Maps)
Long Island IT company wants to build ice rink for employees
Long Island IT company wants to build ice rink for employees
NJ construction official accused of siphoning funds from developers’ account
NJ construction official accused of siphoning funds from developers’ account
NJ construction official accused of siphoning funds from developers’ account
NYC City Council passes bill forcing hotels to dish out severance pay
NYC City Council passes bill forcing hotels to dish out severance pay
NYC City Council passes bill forcing hotels to dish out severance pay
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...