Toys ‘R’ Us Says It Overpaid $10M For Times Square Store

Law360, New York (May 1, 2012, 3:22 PM EDT) -- Retailer Toys “R” Us-Delaware Inc. on Friday accused the landlord of its flagship Times Square location of miscalculating the toy store’s tax liability, which it claims led to more than $10 million in overcharges during the past 12 years.

44-45 Broadway Realty Co. LLC, which owns the building at 1514-1530 Broadway, charged Toys “R” Us for signage not associated with the toy store chain that inflated the value of the building — and, subsequently, TRU’s bills — according to a complaint TRU filed Friday in New...
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