Proskauer Rose Expands Lease At SJP Properties' 11 Times Square To 478,000 Square Feet
11 Times Sq
Building Size
478,000 SF
Asset Type
Office
Closing
Sep 13, 2026
About this deal
AI
The property involved in this lease transaction is located at 11 Times Square in Manhattan. This office asset spans a total square footage of 478,000, providing substantial space for its tenants. The property is managed by SJP Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 11 Times Sq
- Market: Manhattan
- Landlord: SJP Properties
- Tenant: Proskauer Rose
- Landlord's Representative: Paul Amrich - CBRE
- Tenant's Representatives: Mark Weiss, Jon Herman & Michael Middleton - Cushman & Wakefield
Proskauer Rose has renewed its lease at this location and additionally secured two more floors, thereby expanding their footprint. The representatives involved in this transaction include Paul Amrich from CBRE for the landlord and a team from Cushman & Wakefield, consisting of Mark Weiss, Jon Herman, and Michael Middleton for the tenant.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93