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 71 commercial real estate properties and investments with an aggregate gross asset value of approximately $20.5 billion, comprising approximately 31.4 million square feet of commercial properties, inclusive of approximately 6.0 million square feet of buildings securing debt and preferred equity investments, a multi-family residential portfolio of approximately 2,500 units under operation or development, and control of development rights for an additional approximately 3,700 multi-family and for sale units in the New York Metropolitan area as of June 30, 2019. Gross asset value compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.