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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.

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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.

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