TJ Maxx is the latest retailer to make its home at Aurora Capital Associates’s development in Harlem, taking 20,000 square feet on the lower level at 5 West 125th Street.
The clothing chain will share the eastern lobby with Bed Bath & Beyond, which took the second floor and leased 30,000 square feet in 2014, the New York Post reported. Coworking giant WeWork, whose valuation recently jumped to $15 billion, leased the third floor.
Ripco Real Estate’s Esther Bukai represented the tenant and the asking rent was $50 per square foot.
Aurora Capital [TRData] and the Adjmi family are developing the the 130,000-square-foot project at 5 West 125th Street between Lenox and Fifth avenues, which will also include 30 residential units. Retail space of 18,000 square feet on the ground floor is still available.
The mixed-use project is near Thor Equities’ 17 West 125th Street. Thor bought the site for $30 million last year. [NYP, 3rd] — Dusica Sue Malesevic