X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Brookfield Place Brookfield Place in Lower Manhattan

NEW YORK CITY—J. Crew is relocating its corporate headquarters to a larger space in Brookfield Place. The apparel and accessories brand is moving its offices out of its 295,000 square-feet area at 770 Broadway, between E. 8th and E. 9th streets. The building is often identified by the expansive, street-level Kmart retail store, off the Astor Place subway stop. The 15-floor structure, built in 1905, is owned by Vornado Realty Trust, according to Real Capital Analytics.

Vornado bought back J. Crew’s lease covering the 10th through the 13th floors, allowing a current tenant, who was reported as Facebook by The Real Deal and the Commercial Observer, to expand into the 295,000 square feet of vacated space. Although transaction details were not disclosed, The Real Deal reported that Vornado paid $35 million to buy out the four years left on J. Crew’s lease.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author

 

GlobeSt Net Lease Spring 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.