Borders marks place with picky landlord; Decision to reopen downtown begins lengthy negotiation for historic space.(Real Estate: Borders Group Inc.)(Company Profile)(Correction Notice)

Crain's New York Business, October, 2002 by Fickenscher, Lisa

Byline: Lisa Fickenscher ***** Correction: Virginia M. Pittarelli of Madison HGCD represented Borders in its lease at 100 Broadway. The broker was omitted from an Oct. 28 story. ***** Borders Group Inc. knew almost immediately after Sept. 11 that it wanted a new location in lower Manhattan.

Its 5-year-old, 40,000-square-foot store, destroyed in 5 World Trade Center, had been a magnet for office workers and residents. The store's popularity was not lost on executives in Ann Arbor, Mich., where the company is based. They were even considering opening a second store downtown before the terrorist attack last year. ``The events of Sept. 11 were very meaningful to Borders, and there was a feeling that it was important to put that store in place...

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