Cushman & Wakefield to Lease Times Square Space
SJP Properties has secured the firm to lease 47,892 square feet of retail space at 11 Times Square.
NEW YORK – SJP Properties has retained Cushman & Wakefield to spearhead leasing for 47,892 square feet of retail space at 11 Times Square in New York City.
The firm has been tasked with securing a curated mix of brands and concepts as retail partners from the entertainment, gaming and food and beverage industries to compliment the building’s space.
11 Times Square is a 1.1 million-square-foot, Class-A commercial tower, located on the corner of 42nd Street and Eighth Avenue. It is among the most technologically advanced commercial buildings in Manhattan and is currently occupied by finance, technology, law and media tenants, such as Microsoft and Proskauer.
The space currently offers kitchen and cooking equipment, kitchen exhaust systems, dedicated HVAC units, multiple elevators systems and stairwells and direct loading dock access. The retail property boasts branding and signage space, with static and LED signs along the entrances and front exterior, as well as LED signs on 42nd Street and Eighth Avenue.
Near one of the busiest subway stations in the MTA network, in one of the most highly-trafficked retail submarkets in the world, the space is situated directly across from Port Authority, which services a weekday average of more than 225,000 people.
Times Square draws an estimated 50 million visitors annually, as one of the world’s most visited tourist attractions. Approximately 330,000 people pass through the area daily, with 460,000 pedestrians on its busiest days.
Jason Greenstone, Alan Schmerzler, Michael O’Neill, Steve Soutendijk and Sean Moran of Cushman & Wakefield will handle the leasing of the space.
SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager, headquartered in New York City.
Cushman & Wakefield is among the largest global real estate services firms with 51,000 employees across 70 countries and a revenue of $8.2 billion in 2018.