Clarendon leases 83,000 SF at Times Square Tower.In a major midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town Manhattan office leasing transaction, Clarendon Insurance Group, Inc. has taken three full floors comprising 83,000 SF at Boston Properties' Times Square Tower for its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters. The lease, which was brokered by national commercial real estate services firm Studley, includes a five-year delayed possession on approximately 27,000 SF of that space. The distinctive 47-story, 1.2 million-SF skyscraper skyscraper, modern building of great height, constructed on a steel skeleton. The form originated in the United States. Development of the Form Many mechanical and structural developments in the last quarter of the 19th cent. , which is also known as 7 Times Square, is currently under construction on an entire block bounded by Broadway and Seventh Avenue, between 42nd and 41st Street. It is scheduled to open in 2004. Corporate managing director Bruce Rothman of Studley's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office represented Clarendon Insurance Company in the 20-year leasing transaction. Insignia/ESG represented the landlord, Boston Properties Boston Properties, Inc. (NYSE: BXP) is a self-managed real estate investment trust (REIT) based in Boston, Massachusetts. Its primary focus is "Class A" office space which it acquires, develops, and manages in the major markets of Boston, New York City, Washington, D.C. . Clarendon Insurance Group will nearly double its space when it moves from its present location at 1177 Avenue of the Americas, where the firm occupies multiple floors, into its new Times Square headquarters. The firm will take possession of its new facilities in September. "Times Square Tower's exceptional design, state-of-the-art technology, central location and competitive rental rates ideally suited Clarendon's office space requirements," explained Rothman. "In addition, the building's floor plates are much larger than at its present address, which offers significant operational efficiencies." Situated in the heart of the resurgent re·sur·gent adj. 1. Experiencing or tending to bring about renewal or revival. 2. Sweeping or surging back again. Adj. 1. Times Square business district, Times Square Tower was designed by world-renowned architect David M. Childs of Skidmore, Owings & Merrill. |
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