NEW YORK CITY-Millwork Trading Co. Ltd. has signed on to take an additional 70,538 sf at SL Green Realty Corp.’s 1372 Broadway building. The new space will give Millwork a total of 114,246 sf in the Times Square facility.

“Fundamentals in the New York City office market remain robust fueled by strong demand from tenant growth,” says Steven Durels, SL Green’s EVP of leasing. “Millwork is a marquee tenant and we’re delighted they have selected 1372 Broadway to anchor their business. This transaction illustrates the strength of our commitment to service the on-going needs of our tenants.”

The 10-year lease signed by Millwork, a subsidiary of Hong Kong-based Li & Fung a consumer goods company, gives it the entire third and fourth floors of the 21-story building. The original lease for 43,708 sf was signed in August of 2002 for 10 years, Durels tells Current asking rent in the building is $48 per sf.The more than 70,000 sf Millwork is taking will bring the facility to 100% occupancy, Durels says. Other major tenants in the 534,000-sf building include Ross Stores Inc. and Ann Taylor Inc.

Millwork will use the space as both offices and showrooms.

Cushman & Wakefield’s Alexander Chudnoff and Mitchell Konsker represented the Millwork, while Jones Lang LaSalle’s Frank Doyle represented SL Green.

Earlier in the week, SL Green made a play to strengthen its Midtown assets, with the $73-million purchase of two office buildings. As reported, the company purchased 331 Madison Ave. and 48 E. 43rd St. from an unnamed private investor.

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