Find in the news:
BY COUNTRY

Toys R Us vacating Times Square store



Toys R Us has not renewed its lease for its 110000 sq ft store in Times Square.


ea8e3921583da79146aa4a05b0488580.jpg


It may be moving to an area within the neighborhood.

Cushman & Wakefield, the marketers of the space located at 1514 Broadway, between west 44th and West 45th Streets confirmed they have not opted to renew their contract and stated that there really is no tenant who can rent the 21000 sq ft on the ground floor.  The asking rent for the ground floor is $2500 per square foot, $350 per foot on the second floor, and $150 per foot on the lower level.  Toy R Us was paying around half that amount since they took occupation in 2000.

Brad Mendelson of Cushman & Wakefield said that they will not be able to obtain that from a single tenant.  The space can be divided into sections from 30000 to 50000ft².  Mendelson did not believe that Toys R Us would renew their lease, hence he and the owner were preparing to potentially market the property to multiple tenants.

The property will be vacated by Toy R Us next February.  This is when the leases for other retailers in the building expire as well.  The option to renew was only available to Toys R Us and not to Starbucks, Swatch, Foot Locker and Bond 45.

According to another broker, Toys R Us may be moving to a large retail area at 1535 Broadway.  They may occupy the entire lower level and 3000 square feet on the ground floor.

The owners of the building, Vornado Realty Trust, have declined to comment.

Related shopping malls and stores:

More about shopping malls in the USA



Jun 1, 2022, United Kingdom:
The concept store is part of the Livat Hammersmith shopping and entertainment center in London.
May 19, 2022, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us