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KnitWell Group Signs 20-Year Lease For 246,000 Square Feet At 7 Times Square
New York
See Similar DealsRetail246,000 SF
Leased 01/14/2025
KnitWell Group Signs 20-Year Lease For 246,000 Square Feet At 7 Times Square
7 Times Sq
See Similar DealsRetail246,000 SF
Leased 01/14/2025
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:246,000 SF
The property asset involved in this transaction is located at 7 Times Square in Midtown Manhattan. It is an office space encompassing 246,000 square feet. The lease was signed for a duration of 20 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 7 Times Sq
- Market: Midtown Manhattan
- Asset Size: 246,000 SF
- Landlord: Owen D. Thomas - Boston Properties
- Tenant: Lizanne Kindler - KnitWell Group
- Broker: Eric Deutsch & Ken Meyerson - CBRE
- Lease Term: 20-year lease
KnitWell Group, the parent company of brands like Ann Taylor and LOFT, signed the lease to expand its presence, increasing its office space by 55,000 square feet at this location.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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