Empire State Realty Trust Signs Leases for Over 46,000 Square Feet At Greater New York Metro Properties

Empire State Realty Trust, Inc. (NYSE:ESRT) (“ESRT”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, has recently concluded over 46,000 square feet of leasing at its Fairfield and Westchester County office properties.

The transactions in Fairfield County are:

  • ASC Advisors, LLC leased 4,136 square feet at 300 First Stamford Place in Stamford, CT, in a relocation from Greenwich. Tenant brokers: Gerry Lees and Maureen O’Boyle of Cushman & Wakefield.
  • Arenson Office Furnishings of Connecticut, Inc. renewed 3,953 square feet at 300 First Stamford Place.
  • Barrow Street Capital LLC renewed 2,579 square feet at 300 First Stamford Place. Tenant broker: Nat Barnum of New England Land Company, Ltd.
  • Choyce Peterson, Inc. leased 2,450 square feet at MerrittView in Norwalk, CT. The tenant was represented in-house by John P. Hannigan and Alan Peterson.

The transactions in Westchester County are:

  • Edelman Financial Services, LLC renewed and expanded at Ten Bank Street in White Plains, NY, increasing its occupancy to 4,169 square feet from 2,514 square feet. Tenant broker: Torey Walsh of Cushman & Wakefield.
  • Kirshenbaum, Urban & Tan, LLP renewed, expanded and will relocate within Ten Bank Street, increasing its occupancy to 2,429 square feet from 1,931 square feet.
  • Pine Brook Road Advisors renewed and expanded its space at Ten Bank Street, increasing its occupancy to 2,663 square feet from 1,470 square feet. Tenant broker: Howard Greenberg of Howard Properties.
  • Mariner Investment Group, LLC renewed 16,296 square feet at 500 Mamaroneck Avenue in Harrison, NY. Tenant broker: Doug Furer of Mariner Real Estate.
  • MGT Capital Investments, Inc. renewed 2,791 square feet at 500 Mamaroneck Avenue. Tenant broker: Matthew Lisk of Cushman & Wakefield.
  • I-Behavior renewed 2,716 square feet at 500 Mamaroneck Avenue. Tenant broker: Kevin Langtry of CBRE.
  • Pantaenius America Ltd. renewed 1,862 square feet at 500 Mamaroneck Avenue. Tenant broker: Alan Zuckerman of Zuckerman Real Estate.

“It’s been an active summer for us, as our properties continue to attract new quality tenants.” says Jeffrey H. Newman, senior vice president of Empire State Realty Trust. “It means a lot to us when our tenants renew or expand, which we view as a testament to the Empire State Realty Trust brand for top-quality office environments and full range of exceptional amenities and services.”

Mr. Newman represented the landlord in all of the above transactions, along with senior leasing associate Kimberly Zaccagnino and leasing associate Tara Long.

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 office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.0 million rentable square feet, as of July 15, 2014, consisting of 9.3 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 732,000 rentable square feet in the retail portfolio. The Company also owns land at the Stamford, Connecticut Transportation Center that supports the development of an approximately 380,000 rentable square foot office building and garage.

Forward-Looking Statements

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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, including those set forth under the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business” and “Properties.” 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 Company’s Annual Report on Form 10-K for the year ended December 31, 2013, 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).
 

Shake Shack Joins Urban Outfitters At ESRT’s 1333 Broadway

Shake Shack has signed a lease for 3,265 square feet at 1333 Broadway, announces Empire State Realty Trust, Inc. (NYSE: ESRT) (“ESRT”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area.

The Shake Shack lease closely follows the opening of the world’s largest Urban Outfitters store at the same building.

“Herald Square is marching up the Broadway Corridor attracting top retailers, which is part of the remarkable transformation of the neighborhood in which we were first movers in upgrading our own properties,” observes Thomas P. Durels, Executive Vice President, and Director of Leasing and Operations for ESRT.

Shake Shack, part of Danny Meyer’s Union Square Hospitality Group (USHG), reimagines its fine dining roots with fresh, simple, high-quality food at a great value. Established in 2004 in New York City’s Madison Square Park, Shake Shack is a fun and lively community gathering place with widespread appeal.

“Enhancing the streetscape and extending the shopping district between Times Square and 34th Street/Herald Square was always part of our original repositioning plan. It is logical that major retailers, along with restaurants and other fresh food operators, are attracted to Times Square South to support the influx of high quality office tenants and their thousands of hungry employees,” states Mr. Durels.

Landlord representation was provided by Fred Posniak of ESRT. Shake Shack was represented by Andrew Goldberg and Matt Chmielecki of CBRE.

With Shake Shack’s lease, a 2,737 square feet prime retail space remains available at 1333 Broadway. For more information, please contact Mr. Goldberg at 212-984-8155 or Andrew.goldberg@cbre.com.

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 office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.0 million rentable square feet, as of July 15, 2014, consisting of 9.3 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 732,000 rentable square feet in the retail portfolio. The Company also owns land at the Stamford, Connecticut Transportation Center that supports the development of an approximately 380,000 rentable square foot office building and garage.

Forward-Looking Statements

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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, including those set forth under the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business” and “Properties.” 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 Company’s Annual Report on Form 10-K for the year ended December 31, 2013, 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). 

Keith Cody Joins Empire State Realty Trust As Vice President of Leasing

Empire State Realty Trust, Inc. (NYSE:ESRT) (“ESRT”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, has appointed Keith Cody as Vice President, Leasing.

Mr. Cody, 40, joins ESRT from CBRE, where he served as a Senior Vice President. He brings to the company over 18 years of real estate experience representing a wide range of tenants such as AIG, the City of New York, Credit Suisse, National Life Insurance, New York University, Hogan Lovells and Jonathan Rose Companies, among many others.

During his real estate career, Mr. Cody has completed over 300 lease transactions totaling more than 3.5 million square feet in multiple industries, including technology/new media, law and finance, from which he has cultivated numerous long-term relationships.

In his new role, Mr. Cody oversees office leasing throughout ESRT’s Manhattan properties. He joins Thomas P. Durels, Executive Vice President and Director of Leasing and Operations; Ryan Kass, Senior Vice President and Director of Leasing and Marketing; and Fred Posniak, Senior Vice President, Leasing and Marketing.

“Keith has nearly two decades of experience in commercial real estate in New York City, extensive industry relationships and an impressive track record of transactions,” says Mr. Durels. “He’s an outstanding addition to our leasing team.”

A resident of Lloyd Harbor, Long Island, Mr. Cody holds a New York State Real Estate license, and is a member of the Real Estate Board of New York. He received a Bachelor of Science degree from the State University of New York at Binghamton.

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 office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.0 million rentable square feet, as of July 15, 2014, consisting of 9.3 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 732,000 rentable square feet in the retail portfolio. The Company also owns land at the Stamford, Connecticut Transportation Center that supports the development of an approximately 380,000 rentable square foot office building and garage.

Forward-Looking Statements

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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, including those set forth under the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business” and “Properties.” 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 Company’s Annual Report on Form 10-K for the year ended December 31, 2013, 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).