A small slice of the Times Square Bow-Tie is for sale, providing a rare opportunity for a new owner and retailer to lure in some of the thousands of people passing by every day.
The 15,000-square-foot building at 1552 Broadway on the northeast corner of 46th Street is at the intersection of Seventh Avenue. The Riese Organization also operates the current TGIFriday’s and is offering possession of the space.
Two billboards above the building can also be upgraded to LEDs, and approvals for a third sign are in place. The signage can generate hundreds of thousands of dollars per month.
While the historic, four-story I. Miller Shoe Building is landmarked — as it hosts statues of actresses Ethel Barrymore, Marilyn Miller, Mary Pickford and Rosa Ponsella in niches on the second floor — some air rights are also available.
The building is being marketed by the Jones Lang LaSalle Capital Markets team of Jon Caplan, Richard Baxter, Ron Cohen and Scott Latham, so go bug them, not me, for further info.
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The William J. Clinton Foundation is getting down, as in moving from 55 W. 125 St. to 77 Water St., and will occupy the entire 25,227-square-foot 18th floor — with clear harbor views to the Statue of Liberty.
The 10-year lease is a sublease from Goldman Sachs to 2013 and then a direct lease with ownership to 2021. The asking rent was $40 a square foot, but the Foundation got it for less, somewhere in the $30s. Keith Caggiano and Roshan Shah of CB Richard Ellie repped the Foundation.
It is believed the lease will be signed in the next three weeks. CBRE declined comment.
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Financial adviser Fred Alger Management is moving to 46,000 square feet at 360 Park Ave. South, where it will occupy the connected second and third floors. The firmed signed a 10-year sublease from Reed Elsevier, which net-leased the 442,800-square-foot office building near Madison Square Park a few years ago and now sublets what it does not use.
Calvin Klein had been in the space and already consolidated elsewhere.
Alexander Chudnoff, now of Jones Lang LaSalle, represented Alger along with his former Cushman & Wakefield colleagues Douglas Dolgoff and Haley Klein. Sublessor Reed Elsevier was represented by C&W’s Kevin Daly and W. Clark Finney. The asking rent was in the mid-$40s per square foot.
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We’ve learned the new, 400,000-square-
foot Bloomberg LP expansion lease at Eastgate’s 120 Park Ave. will cover floors 9 through 21. The deal has two options that go through February 2039.
According to documents we have reviewed, if Bloomberg obtains permission from City Planning, it has the option to license the covered pedestrian space. If it does so, however, Bloomberg must take the entire rentable area of a sublevel along with certain retail on the ground floor.
As Wells Fargo discovered when its nearly-done deal for space there was trashed in favor of Bloomberg, the owners are leaning over backwards for Bloomberg. So if another tenant negotiates a lease, once notified, Bloomberg has the right to lease that space on the same terms and conditions.
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In time for next year’s St. Patrick’s Day, the Irish pub, Tir Na Nog, will have its second Manhattan location open in 7,000 square feet at 315 W. 39th St. Scott Galin of Handler Real Estate Services repped the tenant that will open this fall. Jason Pennington of Ripco Real Estate represented the ownership, which had an asking rent of $75 per foot.
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Finally, in last week’s column, we told you that real estate entrepre neur Jack Terzi was making a life- changing proposal to his girlfriend, Lottie Edery. We are thrilled to report that she said “Yes” and the merger will take place on July 3.
To ensure no friends or family would ruin the surprise, Terzi hid Edery’s cell phone. When she awoke in the morning, she grabbed The Post to read about Terzi’s deals in “Between the Bricks.”
“When she got to the bottom she started screaming,” Terzi reported. “Then she fell to her knees in my arms.” That’s when Terzi pulled out an engagement ring to seal the deal. Mazel Tov! [email protected]
