NEW YORK CITY-SJP Properties and law firm Proskaeur Rose madeMonday’sreports official on Tuesday with a formal announcementof a 406,000-square-foot, 20-year lease at 11 Times Square, about25,000 square feet larger than initially reported. The deal for 14floors of the 1.1-million-square-foot tower, which is scheduled forcompletion next month, is the first one signed there and isbelieved to be the largest Midtown office relocation in more thantwo years.

“Proskauer is the type of world-class tenant we specificallytargeted for this building, and we are extremely confident that thefirm’s move to high-performance new construction will offer bothimmediate and long-term benefits,” SJP CEO Steven J. Pozycki saysin a release. The 40-story property is aiming for LEED Goldcertification.

Allan Fagin, Proskauer’s chairman, says in a release that themove from 1585 Broadway “provides a platform for our future in thiscity and beyond, as we continue to expand our practice areas,enhance our capabilities and extend our global footprint.” He addsthat the building’s technology and sustainability features as wellas its central location and access to mass transit all were majorfactors in the firm’s selection of 11 Times Square.