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FAO Schwarz makes a Midtown comeback
Toy store inks 19K sf lease at Rockefeller Center
FAO Schwarz is back, baby. More than two years after closing its doors at the GM Building, the legendary toy store inked a 19,000-square-foot lease at Tishman Speyer’s 30 Rockefeller Plaza.
The new store in the Art Deco tower will be a lot smaller than its old space at 767 Fifth Avenue, which spanned 61,000 square feet, Commercial Observer reported. The retailer cited the high rent as a reason why it left its home of 30 years.
ThreeSixty Group bought FAO Schwarz from Toys “R” Us last year.
Cushman & Wakefield represented the tenant. The new store will replace the NBC Experience Store, which is closing for good. [CO] — Konrad Putzier