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LH Charney fills retail at 10 Times Square

L.H. Charney Associates announced that Mexican-inspired fast-casual eatery Tortazo is set to open its second NYC location at 1441 Broadway.

Created by Chicago chef Rick Bayless and backed by the Jollibee Food Corporation, Tortazo opened its first New York location in Nomad in the Fall.

It’s new 2,500 s/f lease at 1441 Broadway brings the property’s retail space to full occupancy. Other prominent retailers at 1441 Broadway, also known as 10 Times Square, include Champs Sports’ NYC flagship store, along with New American eatery and bar Yard House by publicly-traded Darden Restaurants, which opened its flagship New York location in September.

“The exciting new retail attractions will serve as an important amenity to our office tenants and provide a much-needed lift for workers returning to their offices,” said Joseph Giannola, who joined L.H. Charney as chief operating officer in late 2020. “These recent leases with prominent, high-profile brands are a testament to the enduring perseverance of New York as one of the world’s premier business destinations, as well as the demand for distinctive offerings from dedicated landlords.”

Todd Birnbaum of FOC NYC represented Tortazo in its new lease at 1441 Broadway while Bob Gibson and Davie Berke of JLL represented ownership.

“While the past 18 months have certainly been a challenge for commercial real estate, the activity that we have seen over the past couple of months is encouraging and is indicative of our firm’s vision for these properties, Times Square, and New York City in general,” added Giannola.

L.H. Charney transformed the 575,000 s/f building’s lower floors with a comprehensive renovation plan that created 46,000 s/f of glass box retail space and 2,000 s/f of new LED signage while preserving the historic façade of the office tower. 

The building also features a ground-floor reflective LED art installation, that has become a popular stop for pedestrians and passersby, and a recently renovated lobby featuring art deco styling fused with new-age design elements. Major office tenants at 10 Times Square include One Jeanswear Group, Inc., Wellspring Philanthropic Fund, Digital Remedy and Carvart Glass Creations.

Spearheaded by Giannola, L.H. Charney has completed over 67,000 s/f of leases at 1441 Broadway and refinanced the property with a $241 million loan from Deutsche Bank. The firm also completed a $148 million  refinance at 1410 Broadway in August via PCCP LP.

The landlord is now focused on filling the remaining office space at both towers by white boxing and prebuilding all spaces to modern standards. Colliers executive managing director Rick Doolittle and director JP Howard spearhead the office leasing at both buildings on behalf of L.H. Charney.

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