Leviev signs lease deal for Times Square building

December 23, 2010 16:32


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

A unit of Lev Leviev-controlled Africa-Israel Investments Ltd. (TASE:AFIL) on Wednesday leased 28,000 square feet in the old New York Times Building to nationwide fashion chain Daffy's. The company did not disclose the terms of the lease. The lease boosts the occupancy rate of the building's retail space to 70%.

Africa-Israel bought the old New York Times Building, at West 44th Street by Times Square, in April 2007 just before the US real estate bubble burst.

AFI USA Inc. CFO and acting CEO Tamir Kazaz said that there has been heavy demand lately for extensive high-end retail space for the Times Square Building. Stores in the building directly face 44th Street, where there is heavy pedestrian traffic. This has boosted the pace of leases and the building has become a top site for retailers seeking broad exposure to customers from all over the world.

Related Content

Breaking news
August 17, 2018
Rain brings more misery to India's Kerala as death toll rises to 164