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New Tenant is Nabbed for Former FAO Schwarz Space

NEW YORK CITY—Much of the legendary former toy store's space will be occupied by a sportswear provider come 2018.

GM Building Sportswear concern Under Armour has inked a lease for a 53,000-square-foot store at the General Motors building.

NEW YORK CITY—Boston Properties has secured an anchor tenant for the former FAO Schwarz space. Sportswear concern Under Armour has inked a lease for a 53,000-square-foot store at the General Motors Building in Midtown.

Located at Fifth Avenue and 58th Street, the property was abandoned last year by FAO parent Toys R Us, which cited rising rents as the reason for its departure. The property still has 17,000 square feet of the former FAO Schwarz space remaining to lease.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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