Empire State Realty Trust Leases Top Two Floors of 1400 Broadway to Coyne PR
NEW YORK CITY, December 3, 2015 – Award winning communications agency Coyne Public Relations, LLC, is moving its New York City office to the top two floors of 1400 Broadway, a property owned by Empire State Realty Trust, Inc. (NYSE: ESRT).
The duplex penthouse, floors 36 and 37, features more than 13,500 square feet in aggregate. The 37th floor boasts a 19’ ceiling, along with a private useable terrace of 1,000 square feet with stunning views of Bryant Park, Hudson River and the Empire State Building.
“We are delighted to welcome Coyne to 1400 Broadway. They are moving to a totally upgraded building in the vital Times Square South market, with its pedestrian plazas and easy access to Grand Central, Penn Station, Port Authority Bus Terminal, and 15 subway lines,” said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. “1400 Broadway’s transformation is fully underway, and we now have two full floors: 19,010 sq. ft. on the 29th floor, and 11,895 sq. ft. full-floor prebuilt on the 35th floor with spectacular views.”
Coyne will join other tenants at 1400 Broadway, including IPG, Kohl’s, Hatch Mott MacDonald, and On Deck Capital.
Founded in 1991, Coyne PR has won more than 750 industry honors in the past decade, including Midsize Agency of the Year by PRWeek, Consumer Agency of the Year, Best Agency to Work For in America and Small Agency of the Year by The Holmes Report. The firm represents such clients as The Walt Disney Company, Hard Rock International, Red Robin Gourmet Burgers, Chrysler, Goodyear Tire & Rubber Company, Shell Lubricants, Columbia Business School and Pfizer.
Josh Kuriloff, David Sherman and Andrew Braver of Cushman & Wakefield represented Coyne in the lease negotiations. Landlord representation was provided by Keith Cody of ESRT, along with Scott Klau, Erik Harris and Neil Rubin of Newmark Grubb 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, 2015, 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 720,000 rentable square feet in the retail portfolio.
*Please note all lease square footages are approximate.
This press release includes “forward looking statements.” Forward-looking statements may be identified by the use of words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “pro forma,” “estimates,” “contemplates,” “aims,” “continues,” “would” or “anticipates” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: the factors included in (i) the Company's Annual Report on Form 10-K for the year ended December 31, 2014, including those set forth under the headings "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Business,” and “Properties" and (ii) in future periodic reports filed by the Company under the Securities and Exchange Act of 1934, as amended. While forward-looking statements reflect the Company's good faith beliefs, they are not guarantees of future performance. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled “Risk Factors” in the Annual Report on Form 10-K for the year ended December 31, 2014, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Prospective investors should not place undue reliance on any forward-looking statements, which are based only on information currently available to the Company (or to third parties making the forward-looking statements).
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