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July 18, 2007
Fresh Lease Moves New Times Tower Toward Full
The Real Estate Observer
by John Koblin
Atlantic Yards developer Forest City Ratner, "is inching even closer to full occupancy" for its Times Tower project (a joint venture with the NY Times Corporation), after sealing a deal with a new tenant, arbitration company Jams Inc.
The 35th, 38th and 44th floors are the only floors remaining for a direct lease, according to CoStar. Asking rents range from $89 per foot to $97 per foot. The 37th, 45th and 46th floors also remain on the market through subleasing.
The Times moved into the tower two months ago and has been experiencing a series of growing pains – oh, you know, maggots in the ceilings – as they adjust to the new space. Here’s hoping it works out a little better for Jams.
Posted by lumi at July 18, 2007 7:29 AM