Back in August, the New York real-estate firms Related and Vornado
bought the Virgin Megastore chain—not because they wanted to roll around in free CDs, but because the chain's two NYC stores are paying
way below-market rent. Which just happens to be going to those two companies. Well, it looks like Related, which owns the building occupied by the chain's Union Square outpost, is ready for its payday! Billboard.biz is reporting that the New York company Winick Realty has been
shopping the two-floor, 58,000-square-foot Union Square outpost around, and according to a corroborating report in the
New York Sun, the asking rent is much, much higher than the estimated $100-a-square-foot that Virgin is paying now:
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