JEMB Realty has signed a major long-term lease with TJ Maxx at Herald Towers, marking one of the most significant retail transactions in Manhattan this year and reinforcing Herald Square’s rapid reemergence as one of New York City’s premier retail destinations, the company said.
TJ Maxx will occupy approximately 40,000 square feet across the ground and lower levels of Herald Towers under a 10-year lease. The transaction represents TJ Maxx’s first new lease in New York City in more than a decade. The deal was brokered in-house by JEMB Realty, with Richard Skulnik of Ripco representing the tenant.
“Herald Towers continues to attract best-in-class national retailers seeking scale, visibility, and unmatched connectivity,” said Jacob Jerome of JEMB Realty, who led the transaction. “We are proud to welcome TJ Maxx alongside Old Navy, further accelerating the resurgence of Herald Square retail and reinforcing the corridor’s role as one of the most important shopping districts in the country.”
In the last ten months alone, more than 100,000 square feet of retail space has been leased at Herald Towers, including deals with Old Navy, TJ Maxx, and Moo Moo Futu.
