NEW YORK CITY-SJP Properties’ $1.2-billion spec office tower at 11 Times Square, which broke ground just before the first rumblings of the commercial real estate downturn, has signed an anchor tenant three years later. A spokesman for CB Richard Ellis, which is handling the leasing at the 40-story tower, confirms published reports that law firm Proskauer Rose has inked a deal for approximately 380,000 square feet, but tells that he cannot comment beyond that confirmation. Proskauer’s spokesman tells his firm plans to make a formal announcement on Tuesday.

The New York Post said Monday afternoon that the Proskauer lease had been finalized over the weekend, following earlier reports in both the Post and the New York Times that a deal was imminent. A term-sheet agreement on the space was reported in the Post this past January. Spokeswomen for both SJP and Prudential Real Estate Advisors, its financial partner on the project, declined to comment on Monday’s Post report.

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