New York & Tri-State + Midtown New York + Retail | January 2, 2019

NYCR Signs I Love NY Gifts to Times Sq. Flagship

American Realty Capital New York City REIT has arranged a new 15-year lease with I Love NY Gifts for the remaining 9,000 square feet of retail space at 200 W. 41st St., also known as 9 Times Square. I Love NY Gifts expects to open its flagship location there in late spring 2019.

“We believe that the curb appeal, demonstrated year-round retail foot traffic, prime Times Square location and our recently completed repositioning made 9 Times Square a natural choice for I Love New York Gifts’ new flagship location,” said NYCR SVP Zachary Pomerantz. He noted that the office and retail property is now approximately 85% leased.

RKF’s Jordyn Comras, TJ Cholnoky, Jackie Totolo and Ariel Schuster represented both NYCR and I Love NY Gifts in the transaction. Totolo called 9 Times Square’s retail space “a truly incredible showcase” for the tenant, with its 125 feet of wraparound footage.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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