Empire State Realty Trust Signs 38,000 Sq. Ft. Lease at 250 West 57th Street
NEW YORK CITY, March 16, 2016 – Empire State Realty Trust, Inc. (NYSE:ESRT) has leased the entire 10th floor and partial 9th floor, 37,680 sq. ft., at 250 West 57th Street to GuildNet, the insurance affiliate of Lighthouse Guild International, Inc.
ESRT’s 250 West 57th Street is undergoing extensive building renovations this year, including a new Gensler designed lobby, new building entrance, modernized elevator system and new elevator cabs, new retail storefronts and new cooling tower. The property, which offers in-building access to five subway lines and the soon-to-open TurnStyle, is part of the transforming neighborhood of Billionaires’ Row.
“We have executed two recent full-floor transactions at 250 West 57th Street: COOKFOX Architects and now GuildNet,” said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. “We are creating five efficient full-floor opportunities with views from Times Square to Central Park by consolidating over 60 suites.”
Brian Gell and Laurence Briody, Jr. of CBRE represented GuildNet in the lease negotiations. Landlord representation was provided by Keith Cody of ESRT, along with Harry Blair and Sean Kearns of Cushman and 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, 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.
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