Midtown Double: Office, Retail Leases Finalized at 11 Penn Plaza, 11 Times Square

The number 11 office address has been kind to recent commercial leasing activity in Midtown, with major renewal and retail deals finalized at 11 Penn Plaza and 11 Times Square, respectively.

It’s been a long winter, but soon New Yorkers will have a spring break destination in their own backyard. Senor Frog’s, the Florida-based Mexican theme restaurant, has finalized its 22,000-square-foot lease at SJP Properties’ LEED Gold-certified 11 Times Square. The chain will be taking both ground-floor and lower-level space in the 40-story, 1.1 million-square-foot tower, whose leasing efforts we’ve followed closely here at gbNYC. We noted Senor Frog’s deal amid a flurry of other transactions at 11 Times Square last month, including two much smaller retail deals with Bank of America and Off the Wall Frozen Yogurt.

Meanwhile, at 11 Penn Plaza, Macy’s has extended its 646,000-square-foot lease with Vornado through 2035. Located on the east side of Seventh Avenue between West 31st and 32nd Streets, the 23-story, 1.1 million-square-foot tower is certified Silver under USGBC’s LEED for Existing Buildings: Operations & Maintenance rating system. Other notable tenants at 11 Penn Plaza include Madison Square Garden and Rainbow Media Holdings.

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