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RE Rumor Mill: Fossil, 1 WTC, Keystone

By Kaitlin Ugolik ( May 28, 2014, 8:45 PM EDT) -- Fossil Inc.'s Skagen luxury division has leased space for a flagship store in Manhattan, and Fossil has extended its own lease next door, the New York Post reported. Sources told the paper that Skagen will open a 1,585-square-foot store next to Fossil's existing 3,241-square-foot space at 1585 Broadway. The lease will reportedly allow Fossil and Skagen to both terminate their leases after 15 years. It wasn't clear how much they agreed to pay for the spaces, but the Post reported that rents in the Times Square area have recently reached as high as $2,407 per square foot....

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