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SJP Properties today announced that
Microsoft
MSFT, the world's leading software company, has signed a long-term lease
at 11 Times Square, the company's new, state-of-the-art
1.1-million-square-foot, LEED-Gold-certified office and retail tower in
Midtown. The building is owned by a joint venture of SJP Properties and
investors advised by Prudential Real Estate Investors.
The lease reflects Microsoft's commitment to establishing its presence within
Manhattan's foremost transit hub location. Situated directly across from the
Port Authority's bus terminal, 11 Times Square features direct subway access
to all New York City destinations, and is only one subway stop from both Penn
Station and Grand Central Terminal, the city's two major transportation hubs.
The lease also demonstrates Microsoft's focus on providing its employees with
a high-performance, technologically superior work environment. From its LEED
Platinum-level indoor air quality and highly efficient glass curtain wall, to
its precedent-setting concrete core construction that protects the building's
critical infrastructure and provides enhanced safety, 11 Times Square was
developed as Midtown's most advanced new commercial tower, affording the
latest in cutting-edge technology, security and energy-efficiency features.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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