Empire State Realty Trust Adds Full-Floor Tenant to One Grand Central Place
NEW YORK CITY, February 1, 2018– Empire State Realty Trust (NYSE: ESRT) has signed a long-term 12,700 sq. ft. office lease with the William T. Grant Foundation at One Grand Central Place.
“One Grand Central Place continues to attract tenants with its suite of amenities that include three in-building dining options and a new tenant-only conference center,” said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. “The William T. Grant Foundation will enjoy in-building access to Grand Central Terminal and spectacular views from the 43rd floor tower.”
The William T. Grant Foundation supports research to improve the lives of America’s youth. Its research grants, scholar awards, and fellowships focus on reducing inequality and improving the use of research evidence in policy and practice.
Nicola Heryet, Suzanne Lee and Jonathan Larsen of Avison Young represented the William T. Grant Foundation in the lease negotiations. Julie Christiano and Lindsay Godard represented ESRT in this transaction, along with William Cohen, Brittany Silver and Jamie Jacobs of Newmark Knight Frank.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2017, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.
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