5 Times Square, a trophy asset built in 2002, is an ultra-modern Class-A office building located in the core of Midtown Manhattan. The building offers direct access to the Times Square – 42nd Street subway station, providing exceptional connectivity to Manhattan, the boroughs, and the surrounding area. Global assurance and advisory firm Ernst & Young (EY) is this building’s anchor tenant, leasing more than 90% of the total rentable space.
The property’s state-of-the-art building systems compliment its iconic architecture to create a highly functional, world-class office tower. 5 Times Square has a competitive advantage as it relates to building efficiency, work environment, green features, and prestige. Offering an incredibly unique mix of modern infrastructure and a core location, 5 Times Square is truly at the “Crossroads of the World.”
The RXR platform manages 90 commercial real estate properties and investments with an aggregate gross asset value of approximately $15.7 billion as of December 31, 2016, comprising approximately 25.0 million square feet of commercial operating properties and approximately 3,200 multi-family and for sale units under active development in the New York Metropolitan area.