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Ann Taylor Shopping for New Space

NEW YORK CITY-The women's specialty retailer is searching for a new home base here, according to sources familiar with the situation. Studley is helping with the search process.

By Barbara Jarvie | Updated on April 13, 2004

NEW YORK CITY-No one’s talking, but sources tell GlobeSt.com that Ann Taylor is shopping around for approximately 200,000 sf of space in Midtown and has narrowed the choices down to Times Square Tower, which is owned by Boston Properties, and 340 Madison Ave. The women’s specialty retailer is currently housed at Metropolitan Tower, 142 West 57th St.

This wouldn’t be the first move Ann Taylor has made of late. A few weeks ago, in a consolidation effort, the company signed on for 42,000 sf of office space in the Crown Corporate Campus in Milford, CT. That 15 years lease arrangement encompasses the entire second floor and a portion of the first floor for the company’s data center and back office operations. Cushman & Wakefield officials who worked on that deal said Ann Taylor will relocate its data center from New York City and its operations group from space in New Haven to the Milford site. Studley, which is representing Ann Taylor in its Manhattan search, repped the company in this transaction as well. Those in the know about any possible deal either issued no comment or did not respond to inquiries on the topic.

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