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Toy Center signs 37 new leases at landmark complex.


Committed to new initiatives to expand the base of its buying opportunities with an emphasis on consumer products companies, The International Toy Center (ITC ITC (Brit) n abbr (= Independent Television Commission) → Fernseh-Aufsichtsgremium

ITC n abbr (BRIT) (= Independent Television Commission) →
) signed 37 companies to new leases at its landmark complex at 200 Fifth Avenue and 1107 Broadway in 2003.

The leases were completed both in-house and through brokerage firms and total more than 109,000 square feet of space.

The ITC is widely known as the worldwide focal point focal point
n.
See focus.
 for the children's entertainment industry.

Next month 40,000 representatives from the world's leading retailers, manufacturers and media outlets will pass through its doors during the American International Toy Fair The American International Toy Fair (the trademarked name uses all capitals for TOY FAIR) is one of a few major toy industry trade shows held around the world. It is held annually in late winter (mid February) in New York City's Toy District (Broadway and 5th Avenue in the mid  [TM], February 12-18, 2004, a Toy Industry Association The Toy Industry Association, Inc. (TIA) is the not-for-profit trade association for producers and importers of toys and youth entertainment products sold in North America, representing over 500 companies who account for approximately 85% of domestic toy sales.  event and the largest children's entertainment trade show in the Western hemisphere Western Hemisphere

Part of Earth comprising North and South America and the surrounding waters. Longitudes 20° W and 160° E are often considered its boundaries.
.

Restaurateur res·tau·ra·teur   also res·tau·ran·teur
n.
The manager or owner of a restaurant.



[French, from restaurer, to restore; see restaurant.
 Cipriani U.S.A., Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co.  and the Adventure Publishing Group head the list of new, "non industry" tenants to join the ITC, a W&H Property.

Cipriani signed a long-term, 20-year lease for more than 22,000 square feet to open their newest location in Manhattan in early 2004.

Fidelity, a global leader in providing financial services, will occupy more than 5,300 square feet at street level at the heavily trafficked corner of 23rd Street and Fifth Avenue.

Adventure Publishing is the toy trade's leading publisher with titles including The Toy Book, The Licensing Book, and Toy Wishes Magazine.

Leap Frog Enterprises, MGA Entertainment and Spin Master Ltd. of Toronto, Canada were among the industry leaders taking new space at the ITC.

With over one million square feet of showroom space, the ITC is the longtime home to the $25 Billion children's entertainment industry and is the world's only 365 day a year mart dedicated to this industry.

Under the direction of Cushman & Wakefield, its managing agent, the ITC will continue to pursue juvenile, interactive electronic, publishing and Halloween seasonal products companies as well.

There are many reasons for the ITC's desirability. The most important one is location, location, location--the ITC complex stretches from 23rd Street to 25th Street where Fifth Avenue and Broadway converge, is across the street from Madison Square Park and diagonal from the Flatiron Building.

Then there's the property itself. Among the reasons Cipriani chose to open its newest location here was the ITC's distinctive architecture. Opened in 1909, 200 Fifth Avenue features a marble walled, 19-foot-9-inch high lobby with bronze doors and brass trim throughout with a unique architecturally designed rotunda rotunda

In Classical and Neoclassical architecture, a building or room that is circular in plan and covered with a dome. The Pantheon is a Classical Roman rotunda. The Villa Rotonda at Vicenza, designed by Andrea Palladio, is an Italian Renaissance example.
 with terrazzo terrazzo

Type of flooring consisting of marble chips set in cement or epoxy resin that is poured and ground smooth when dry. Terrazzo was ubiquitous in the 20th century in commercial and institutional buildings.
 floor.

For Adventure Publishing it was the logistics of having its home offices where the activity of the industry it covers takes place; for the traditional toy companies it is the ITC's international reputation as "the place to be."

The ITC is the only trade building that caters to the toy and related industries 365 days a year.
COPYRIGHT 2004 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:International Toy Center
Publication:Real Estate Weekly
Geographic Code:1U2NY
Date:Feb 4, 2004
Words:462
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