Empire State Realty Trust Leases Full Floor at 250 West 57th Street
NEW YORK CITY, February 23, 2018 – Empire State Realty Trust (NYSE: ESRT) has leased the entire 23rd floor, of 12,600 sq. ft., to RZO, LLC at 250 West 57th Street. RZO will be relocating its offices from a lower floor within the building that will be consolidated and redeveloped.
“We are delighted to extend our relationship with RZO at 250 West 57th which has been completely transformed by a new Gensler-designed lobby with one-of-a-kind ceiling art, new streetscape and modernized for the 21st Century”, said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. “Along with RZO, 250 West 57th has attracted leading worldwide entertainment groups such as ASCAP, Universal Music Group and ML Management.”
RZO is one of the music industry’s best-known management firms. Their superstar roster includes The Rolling Stones, U2, Sting, the estate of John Lennon, Shania Twain and David Byrne.
Keith Cody represented ESRT in the above transaction, along with Harry Blair, Sean Kearns and Heather Thomas of Cushman & Wakefield.
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.
This press release may contain forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by use of the words "assumes," "believes," "estimates," "expects," "intends," "plans," "projects" and similar expressions that do not relate to historical matters. You should exercise caution in relying on forward-looking statements, because they involve risks, uncertainties and other factors which are, in some cases, beyond ESRT's control and could materially affect actual results. Such factors and risks include, without limitation, a failure of conditions or performance regarding any event or transaction described above, regulatory changes, and other risks and uncertainties described from time to time in ESRT's filings with the SEC. Except as may be required by law, ESRT does not undertake a duty to update any forward-looking statement.