The Commercial Observer reports that Toys “R” Us is leaving their flagship location in New York’s Times Square. You have until February 2016 to visit the location. Here’s a snippet from the story:
“Toys R Us decided not to renew its lease for the giant toy retailer’s 110,000-square-foot flagship store in the Times Square area, Commercial Observer has learned. And it may be moving to a retail space in the neighborhood.
“They did not exercise the option to renew,” said Brad Mendelson of Cushman & Wakefield, who is marketing Toys R Us’ space at 1514 Broadway between West 44th and West 45th Streets on behalf of landlord Charles Moss. “Here’s the long and the short of it. They have 21,000 square feet [on the ground floor]. There really is not a tenant that can rent that. The market has just escalated so.”
You can check out the full story Here.