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.