PROSKAUER SIGNS 400,000-SQUARE-FOOT LEASE AT 11 TIMES SQUARE
NEW YORK CITY — Though not expected to be complete until June, Manhattan's new 11 Times Square office building already has its anchor tenant. Longstanding New York City law firm Proskauer has signed a lease for more than 400,000 square feet of space. The firm will take 14 floors of the building and receive prominent signage. It expects to take occupancy in early 2011.
Ronald Sernaur, a partner with Proskauer and co-chair of its Real Estate Department, brokerd the lease on behalf of the firm. In a statement, Proskauer Chairman Allen Fagin said, “In recent years, we have opened six new offices and grown a number of key practices, expanding our platform to the key financial markets of the world where our clients are located and doing business. This move demonstrates our success in this regard and our commitment to the future.”
The 11 Times Square building is being developed by SJP Properties and was designed by FXFOWLE Architects. Upon completion, it is anticipated to receive LEED-Gold certification.
— Coleman Wood