NEW YORK CITY-Ann Taylor has chosen Times Square Tower to be its new base of operations. The women’s specialty retailer leaked the choice to its employees in a recent company memo. Last month, exclusively reported that the company was shopping around, with the help of Studley, for approximately 200,000 sf of space and had narrowed the choices down to Boston Properties’ Times Square Tower at 7 Times Square and 340 Madison Ave. Space at Time Square Tower is advertised at a range of $52 to $72 per sf. The retailer anticipates relocating in mid-year 2005. CB Richard Ellis represents Boston Properties at Times Square Tower.

The women’s specialty retailer is currently housed at Metropolitan Tower, 142 West 57th St. In a consolidation effort, the company recently signed on for 42,000 sf of office space in the Crown Corporate Campus in Milford, CT. That 15-year lease arrangement encompasses the entire second floor and a portion of the first floor for the company’s data center and back office operations. Cushman & Wakefield officials who worked on that deal said Ann Taylor will relocate its data center from New York City and its operations group from space in New Haven to the Milford site. Studley represented the company in this transaction as well.

Ann Taylor Stores Corp., through its wholly owned subsidiary, Ann Taylor Inc., is a specialty retailer of women’s apparel, shoes and accessories. For the fiscal year ended January 31, the company reported net sales of nearly $1.6 billion, a 15% rise. Its reported net income rose 26% to $100.9 million.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.