PATH Entertainment Group Leases 50,000 Square Feet At 11 Times Square For $8 Million Annually

The retail asset involved in this transaction is located at 11 Times Sq, Times Square, Manhattan. The property covers an area of 50,000 square feet, with an asking rent of $8,000,000 annually. The transaction marks a significant leasing agreement in one of the busiest markets in New York City.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,000,000/Annual
• Address: 11 Times Sq
• Market: Times Square, Manhattan
• Asset Size: 50,000 SF
• Landlord: Steven J. Pozycki - SJP Properties
• Tenant: PATH Entertainment Group
• Landlord's Representative: Alan Schmerzler & Jason Greenstone - Cushman & Wakefield
• Tenant's Representative: Michael Rielly - Rielly Retail Solutions

The deal involves PATH Entertainment Group, a British firm, which will operate a "Monopoly Lifesized" experience in the space, filling a long-vacant location within the property. This leasing agreement is considered one of the largest recent deals in Times Square, showcasing the strategic investments being made in the area.