Toy Industry to lease 400,000 s/f at 100 Church St.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. , Inc. (TIA (1) (Telecommunications Industry Association, Arlington, VA, www.tiaonline.org) A membership organization founded in 1988 that sets telecommunications standards worldwide. It was originally an EIA working group that was spun off and merged with the U.S. ) has selected 100 Church Street 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. as the future home of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Toy Industry. The toy industry plans to occupy in excess of 400,000 s/f at 100 Church St., a one million square foot office building one block north of the World Trade Center site. The move was necessitated by the April, 2005, sale of the current International Toy Center, 200 Fifth Avenue and 1107 Broadway. The Chetrit Group bought the buildings from W&M properties for $355 million and plan a residential conversion there. The Church Street location--where asking rents are $25 psf--was selected by a Relocation Committee that includes officials of TIA and the 200 Fifth Avenue Tenants Association. It was then unanimously ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. by the TIA Board. "After an exhaustive search of available space in midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town and downtown areas in Manhattan and elsewhere this location was chosen because it best met the criteria set by the TIA board," said Arnie Rubin, TIA Board Chairman. "The selection of 100 Church Street is a continuation of the Toy Industry's 100-year commitment to New York City." "100 Church St. afforded the opportunity to meet the current and future space requirements of the toy industry," said David Rosenbloom, of Cushman & Wakefield, who represented TIA in its site selection, along with the firm's Robert Baraf, Jonathan Rosner and Murray Hill Murray Hill may refer to one of the following places:
"The toy industry has the vision to get in on the ground floor of the rebirth of Lower Manhattan--an area that promises to become the most exciting neighborhood in New York City for generations to come." The decision marks the first step in a post-selection process of signing up tenants and arranging for the building to welcome buyers in time for the American International Fall Toy Show in October 2006. Representatives from Cushman & Wakefield and Murray Hill Properties, along with TIA, will be on hand at the International Toy Center, 200 Fifth Avenue, from October 2427 during the American International Fall Toy Show, to give information, answer questions and help tenants to sign up to be in the new building. TIA is the trade association for North American producers and importers of toys, games and entertainment products for the youth market. |
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