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Microsoft Rents 230K at 11 Times Square

NEW YORK-The deal closes the book on a storied search for space and gives the beleaguered building a much needed boost.

By Rayna Katz | Updated on December 28, 2012

NEW YORK CITY-After a stalled effort to negotiate a lease at 11 Times Square (or 11 Times Square Plaza), Microsoft has reportedly circled back to the troubled building and signed an agreement to rent 230,000 square feet, according to the Commercial Observer and the Real Deal. The move comes in the wake of Microsoft previously walking away from negotiations with the building and then coming close to making a deal at 250 W. 55th St, say the reports.

Law firm Kasowitz Benson represented Microsoft in the deal.  A team from Jones Lang LaSalle, led by Mitch Konsker, allegedly was behind the effort to bring Microsoft to the building, which was developed by Parsippany, NJ-based SJP Properties and Madison, NJ-based Prudential Real Estate Investors for $950 million, and is run by the two firms.

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