Discount department store Daffy’s has inked a deal to lease 28,000 square feet in the former New York Times building in Times Square, according to the Wall Street Journal, in a coup for Africa Israel USA, which had been struggling to find tenants there since it purchased the property at the height of the market. Last year, the company changed course at the 750,000-square-foot building, at 229 West 43rd Street, moving to convert it into retail space, a hotel and condominiums instead of attempting to fill it with office tenants. Bowlmor Lanes and Discovery Times Square Exposition have since set up shop there. The Journal also notes that the deal signals Times Square’s new status as a discount fashion mecca, having attracted new tenants like Aeropostale, Forever 21 and American Eagle Outfitters over the past two years. [WSJ]
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Daffy’s signs on at former NYT building
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