Four companies have signed — or are about to sign — new leases at 11 Times Square, the 40-story, SJP Properties-developed building also known as Times Square Plaza, the New York Post reported. One lease is for office space and three are for retail, leaving the building’s retail space fully occupied.
A digital marketing, media and commerce data provider known as eMarketer took a 53,573-square-foot office space. Though it’s not yet signed, sources told the Post that the deal will likely be finalized this week. The lease would bring the 1.1 million-square-foot property to more than 70 percent occupancy.
As for the retail, Mexican-themed eatery Senor Frog’s signed a 21,000-square-foot deal. Bank of America signed for a 2,393-square-foot location and Off the Wall Frozen Yogurt signed a 2,500-square-foot deal.
The new tenants will be in the company of Microsoft. Late last year, the technology giant grabbed 230,000 square feet for its new headquarters, as previously reported. [NYP] —Zachary Kussin