Lease Beat

CBRE Tapped to Lease 4 Times Square Retail

CBRE has been tapped to lease up the retail space at the Durst Organization’s 4 Times Square, former home of ESPN Zone, which closed in June 2010, a victim of the recession.

Amira Yunis, an executive vice president, and Gary Trock, a senior vice president—both at the CBRE Retail Group—will lead the team marketing the 42,550-square-foot space. It’s comprised of 9,704 square feet on the ground floor, 13,298 square feet on the second and 19,548 square feet on the third.

4 times square CBRE Tapped to Lease 4 Times Square Retail

4 Times Square.

“We will be unveiling a new storefront and signage design that will highlight what is arguably the most prominent corner in the United States,” Ms. Yunis said in a prepared statement. “This is an opportunity to occupy a fantastic flagship location near some of the top selling retail outlets in the U.S., including Forever21, American Eagle and Aeropostale.

As the Wall Street Journal reported in May, retailer Express Inc. walked away from a deal to lease the space, opting to lease 30,000 square feet at 1552 Broadway instead.

cgaines@observer.com

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