NEW YORK—Specialty retailer Express Inc. has signed a 15-year lease to occupy 30,00 sq. ft. at 1552-1560 Broadway to serve as a flagship location in Times Square. Financial terms of the lease were not disclosed.
The new location for Express will include three levels of selling floors, 206 ft. of sidewalk frontage and approximately 9,000 sq. ft. of LED signage. The new store is expected to open in the fall of 2013.
SL Green President Andrew Mathias said, “When SL Green and Jeff Sutton acquired control of 1552 Broadway and contiguous space in 1560 Broadway last year for purposes of establishing a new Times Square flagship retail location, the response from retailers was very strong. We look forward to working with Express Inc. to bring another outstanding shopping experience to the ‘Crossroads of the World.’”
Founded in 1980, Express currently operates more than 600 retail stores located primarily in high-traffic shopping malls, lifestyle centers and street locations across the U.S., Canada and Puerto Rico.