Microsoft Leases Manhattan Offices in 11 Times Square
Microsoft Corp. (MSFT), the world’s biggest software maker, signed a lease for offices at 11 Times Square, a midtown Manhattan skyscraper that was completed in 2011.
The technology company, based in Redmond, Washington, will join the law firm Proskauer Rose LLP in the 1.1 million-square- foot (102,000-square-meter) tower, developer SJP Properties said today in a statement. Terms, including rent payments and the size of the leased space, weren’t disclosed.
Including the Microsoft and Proskauer deals and seven other agreements signed last year, the building is more than 70 percent leased, Parsippany, New Jersey-based SJP said. The company co-owns the tower, located across Eighth Avenue from the Port Authority Bus Terminal, with a real estate investment unit of Prudential Financial Inc. (PRU) Proskauer Rose has more than 400,000 square feet in the building.
Microsoft’s lease was reported yesterday on the website of the Wall Street Journal, which said the company was taking just more than 200,000 square feet in the tower. Microsoft and the landlords were represented by brokers from Jones Lang LaSalle Inc. (JLL), with Lisa Kiell negotiating for the tenant and Mitchell Konsker leading a team working on behalf of SJP.
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