Borders moving to AOL/Time Warner Center. (Retail New York).Borders, Inc. has signed a long-term lease with Columbus Centre Columbus Centre is a proposed skyscraper planned for construction in the Coral Way neighborhood of Miami, Florida. The tower is one of several residential towers proposed for the city. Retail LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control for a 26,000-SF store at the new AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner Center The Time Warner Center is a mixed-use skyscraper developed by The Related Companies in New York City. Its design, by David Childs and Mustafa Kemal Abadan of Skidmore, Owings & Merrill, consists of two 229 m (750 ft) towers bridged by a multi-story atrium containing upscale retail in Columbus Circle Columbus Circle, named for Christopher Columbus, is a major landmark and point of attraction in the New York City borough of Manhattan. Completed in 1905 and renovated a century later, it is located at the intersection of Broadway, Central Park West, Central Park South (59th . The new store, which will also feature Dean & Deluca, the specialty gourmet retailer, operating the cafe, will open this fall. "The AOL Time Warner Center offers Borders the amazing synergy of numerous upscale retailers," said Tami Heim, president of Borders. "With this store, we'll be able to serve shoppers in midtown Manhattan, the Upper West Side and in the Central Park area. With the addition of Dean & Deluca, New York's premier food emporium, operating the cafe, our customers will be able to experience rich, distinctive coffees, fresh breads, pastries, sandwiches, and other gourmet foods and gift items. The center is sure to be one of the most exciting shopping environments in the nation and Borders looks forward to serving customers there." Loeb & Loeb LLP LLP - Lower Layer Protocol partner Michael B. Kinney and associate Kathy Liu represented Borders in the transaction. Loeb & Loeb has represented Borders in a number of leasing transactions. Last year, the firm handled the lease for the company's new flagship store in Lower Manhattan, in the American Surety Building The American Surety Building is a historic skyscraper located at 100 Broadway, New York City, New York, opposite Trinity Church. It has been declared a landmark as one of Manhattan's most influential early skyscrapers. at 100 Broadway. Borders used to be the largest single retail tenant at the World Trade Center complex, but the store there was destroyed in the terrorist attack on Sept. 11, 2001. Madison HGCD, the exclusive representative for Borders in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . brokered the transaction. "This is an ideal location for Borders," said Ginny Pittarelli, executive managing director of Madison HGCD. "This will be one of the first mall-like environments in an urban market and we expect local residents to eagerly welcome Borders to the neighborhood." Borders currently operates two existing Manhattan stores at 461 Park Ave. and at Kip's Bay. The retailer also announced last October the planned opening of a new store at 100 Broadway in Lower Manhattan this spring. "We view this Borders store as a significant anchor to our center that will be sure to draw an incredible amount of customer traffic on a daily basis," said Mitchell Friedel, senior vice president and director of leasing for Related Urban Development, a division of The Related Companies. "It serves as a valuable addition, not only the general public, but also for the occupants of our office, hotel and residential venues." |
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