T.J Maxx shows up in Soho

Retailer last year did a deal with landlords Aurora Capital and Adjmi family in Harlem

483 Broadway in Soho
483 Broadway in Soho

Discount retailer T.J. Maxx signed an 18,000-square-foot lease in Soho at Aurora Capital Associates and the Adjmi family’s 483 Broadway.

The company signed a 15-year deal with an asking rent of $400 per square foot on 9,000 square feet on the ground floor, and $100 per square foot on the same amount of space below grade, the Commercial Observer reported.

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Richard Skulnik of Ripco Real Estate represented TJX Companies, the parent of T.J. Maxx, in the deal. The landlords paid $150 million in 2010 to purchase a 49-year master lease covering 40,000 square feet from the basement through the second floor of the five-story building between Broome and Grand streets.

T.J. Maxx earlier last year signed a lease in Harlem with Aurora and the Adjmis at their 5 West 125th Street development, which is also home to Bed Bath & Beyond and WeWork.

In October, The Real Deal tallied retail spaces sitting vacant in more than $940 million worth of retail-focused acquisitions made in Soho over the last six years. [CO]Rich Bockmann