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June 23, 2006
Forest City's New York Times Building Signs Largest Tenant to Date
Cleveland Business Wire
From an FCE press release about the second lease signed for the Times Tower (emphasis added):
Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that its New York City affiliate has signed its largest tenant so far for the 1.5-million-square-foot, 52-story New York Times Building in Manhattan's Times Square, which is currently under construction and scheduled to open in 2007.
...
Charles A. Ratner, president and chief executive officer of Forest City Enterprises, said, "We are very pleased with progress on leasing the New York Times Building, which will become a signature building on the New York City skyline. New York City is the nation's largest real estate market, where our Forest City Ratner Companies affiliate has established itself as a pre-eminent developer of large, complex projects. We look forward to the day in 2007 when tenants can begin to welcome clients to their new offices."New York City is Forest City's largest single market. The Company entered the market in the 1980s with a focus on office buildings and, consistent with its Urban Strategy, expanded its presence to include retail, mixed-use and residential projects. Today, through Forest City Ratner Companies, the Company owns and operates 34 properties in the New York metropolitan area - including 4.4 million square feet of office space, primarily at MetroTech Center in downtown Brooklyn.
Posted by lumi at June 23, 2006 6:37 AM