Target Announces First Midtown Manhattan Store at Empire State Realty Trust’s 112 West 34th Street Location

NEW YORK CITY, March 20, 2017 – Today, Target is announcing plans to open a 43,000 square foot small-format store in Manhattan’s Herald Square, located just west of the 34th Street and Broadway intersection, just one block from Penn Station. Target has signed a lease for the Herald Square small-format store with Empire State Realty Trust (NYSE: ESRT).

Projected to open in October 2017, the Herald Square store will be one of 30 stores Target plans to open this year, and will be the company’s third location in Manhattan, joining the Harlem and Tribeca stores. Additionally, Target has previously announced future plans to open small-format stores in Manhattan, including sites in East Village (projected to open summer 2018) and Hell’s Kitchen (projected to open in 2019).

The company is focused on expanding Target’s small-format stores in dense urban neighborhoods, with New York being a priority market for the company’s growth. Target’s flexible store design allows for stores in smaller locations with assortments that are tailored to meet the needs of local guests.

The two-level Herald Square store will have two entrances, one off of 34th Street, and the other off of 33rd Street. The store will feature modern décor elements, including concrete floors, wood plank walls and ceilings, pendant and LED lighting and elevated merchandise assortment displays.

At approximately 43,000 square feet, the Herald Square store location will provide a quick-trip shopping experience with a curated assortment mix, including:

• Inspiration and style will be emphasized off of the 34th Street entrance, with apparel and accessories.
• Convenient grab-and-go food and beverage items conveniently located off of the 33rd Street entrance. Additional grocery, including a robust, fresh assortment will be available in the store’s lower level.
• Convenient self-checkout lanes will also be located on the store’s first level.
• Apparel for the whole family 
• Stationery and home items dedicated to refreshing small living spaces
• Open market grocery department 
• Health, personal care and beauty products 
• Services will include a CVS Pharmacy and Order Pickup

In addition to the new store’s robust product assortment, Target’s Order Pickup service – the ability to buy online and pickup in store – will provide guests with the convenience of having their orders ready within one hour for pickup and the security of having online orders shipped to, and held at, the store.

“The addition of the Herald Square store location is exciting for Target as we expand our footprint with small-format stores in Manhattan,” said Mark Schindele, Senior Vice President, Properties. “Not only will we be able to serve the thousands of working professionals that travel through Herald Square each day, but we’ll have the opportunity to showcase Target’s exclusive brands and compelling offers for the many tourists from around the world who shop in this vibrant neighborhood in Manhattan.”

“Target’s new 34th Street location concludes ESRT’s plans for the successful redevelopment of storage space, office, and retail into 90,000 square feet of retail,” said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. “Target joins Sephora and Foot Locker at the best location on the 34th Street retail corridor, which spans from the Empire State Building to 7th Avenue. We are delighted to partner with Target and deliver once again to ESRT shareholders the bottom line results of our embedded growth.”

Landlord representation was provided by Fred C. Posniak and Shanae Ursini of ESRT, along with Joanne Podell, Ian Lerner and Mary Clayton of Cushman and Wakefield. Peter Ripka, Richard Skulnik and Jeffery Howard of Ripco Real Estate were Target’s broker representation.

Media will have the opportunity to tour the new store when it opens in the fall. Below are renderings of Target’s Herald Square location, and media can download the renderings here.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,806 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals millions of dollars a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

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 December 31, 2016, 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 706,000 rentable square feet in the retail portfolio.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our 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 interpreting and relying on forward-looking statements, because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond ESRT’s control and could materially affect actual results, performance or achievements. 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, whether as a result of new information, future events or otherwise.

Empire State Building Announces Launch of Destination Midtown App

New York, NY – March 13, 2017 –The Empire State Building (ESB) today announced the launch of the official Destination Midtown app. The Destination Midtown Alliance (DMA) is a coalition of partners from the most iconic businesses and attractions in Midtown Manhattan. DMA has created an app available for free on iTunes and Google Play. The interactive Destination Midtown app provides visitors with a user-friendly, selectively curated itinerary to iconic attractions and hidden gems located in Midtown Manhattan, the Heart of New York City. Featuring insider tips, suggested itineraries, events, and themed walking tours such as “Fashion Intro” and “Family Fun,” the app enhances the visitor’s overall experience of Midtown, all within a 15-minute walk of the center of Manhattan, the Empire State Building. 

Offering a variety of services ranging from dining, shopping, entertainment, and sightseeing, the Alliance includes the following partners: 

New York Public LibraryThe Morgan Library and Museum
Eataly NYC FlatironLangham Place New York
B&H PhotoMacy’s Herald Square
Circle Line Sightseeing CruisesBryant Park Corp.
Madison Square Garden230-Fifth
Grand Central PartnershipFlat Iron BID
Grand Central TerminalRadisson Martinique Hotel
TacombiStella 34 Trattoria
34th Street PartnershipNick & Stef’s Steakhouse
Intrepid Sea, Air & Space MuseumMadame Tussauds NYC
Mood FabricsGarment District Alliance
State Grill and BarReichenbach Hall
Grand Hyatt New YorkRadio City Music Hall
Habanero Blues

“Midtown is the most important place for a tourist visiting New York City. With its early opening and late closing shops, restaurants, entertainment, and attractions, it allows visitors to fully immerse themselves in Midtown and all it has to offer. The Destination Midtown app is a gift for millions of tourists and New Yorkers and will help them get the most out of Manhattan,” said Jean-Yves Ghazi, Empire State Building Observatory Director. “We want visitors to discover all the best that Midtown offers. The Destination Midtown app helps users easily navigate in this world-famous neighborhood, which is home to many well-known businesses and attractions, all within 15 minutes of the iconic Empire State Building.” 

About Destination Midtown Alliance 
Founded in 2016 by Empire State Realty Trust, Inc. (NYSE: ESRT), Destination Midtown Alliance is a coalition of like-minded partners from the most iconic businesses and beloved attractions in Midtown Manhattan seeking to communicate, enhance and grow its position as the primary visitor destination. With over 56 million tourists visiting New York City per year, Destination Midtown Alliance provides visitors with a variety of interactive itineraries of Midtown’s best sightseeing, dining, shopping and entertainment, all within a 15-minute walk of the heart of New York City – the Empire State Building. Destination Midtown Alliance makes its resources easily accessible via the Midtown App, a carefully curated, way-finding mobile application expertly developed to direct visitors on a unique walking experience, complete with itineraries, inside tips, and promotions of the best attractions and destinations that Manhattan has to offer. For more information on Destination Midtown Alliance, please visit www.destinationmidtownalliance.com

About the Empire State Building 
Soaring 1,454 feet above Midtown Manhattan (from base to antenna), the Empire State Building, owned by Empire State Realty Trust, Inc., is the “World’s Most Famous Building.” With new investments in energy efficiency, infrastructure, public areas and amenities, the Empire State Building has attracted first-rate tenants in a diverse array of industries from around the world. The skyscraper’s robust broadcasting technology supports major television and FM radio stations in the New York metropolitan market. The Empire State Building was named America’s favorite building in a poll conducted by the American Institute of Architects, and the Empire State Building Observatory is one of the world’s most beloved attractions and the region’s #1 tourist destination. For more information on the Empire State Building, please visit www.empirestatebuilding.comwww.facebook.com/empirestatebuilding@EmpireStateBldg,www.instagram.com/empirestatebldghttp://weibo.com/empirestatebuildingwww.youtube.com/esbnyc or www.pinterest.com/empirestatebldg/.

Empire State Realty Trust Announces Leslie D. Biddle to Join Board of Directors

NEW YORK —  Empire State Realty Trust, Inc. (NYSE:ESRT), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced that Leslie D. Biddle has joined its Board of Directors, effective March 6, 2017. 

She is a Partner and President at Serengeti Asset Management. Prior to joining Serengeti in 2013, Ms. Biddle spent nearly 10 years at Goldman Sachs, where she became a Partner and was most recently Global Head of Commodity Sales and the CFO of the firm’s investments in the metals and mining sector. Earlier, Ms. Biddle was a Vice President at the AES Corporation focusing on project finance and power plant development. She also served as a Vice President at the Overseas Investment Corporation, providing political risk insurance and financing to US companies expanding overseas. Ms. Biddle is a member of the Board of Directors of GoldMoney, Inc. (TSX) in Canada. She earned a bachelor’s degree from Colby College, where she is a member of the Board of Trustees. 

“Leslie adds valuable perspective as a member of our Board of Directors, with extensive experience in global investment and finance,” said Anthony E. Malkin, Empire State Realty Trust’s Chairman and Chief Executive Officer. “We are pleased and excited to welcome her to Empire State Realty Trust.” 

Ms. Biddle added, “I am delighted to join Empire State Realty Trust’s Board of Directors and such an accomplished leadership team.” 

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 10.1 million rentable square feet, as of December 31, 2016, 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 724,000 rentable square feet in the retail portfolio. 

Forward-Looking Statements 
This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our 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 interpreting and relying on forward-looking statements, because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond ESRT’s control and could materially affect actual results, performance or achievements. 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, whether as a result of new information, future events or otherwise.

Empire State Realty Trust Signs Nearly 150,000 Sq. Ft. in Five Months across Greater New York Metro Portfolio

NEW YORK CITY, March 2, 2017 – Empire State Realty Trust, Inc. (NYSE: ESRT) has concluded ten leases for nearly 150,000 square feet at its Greater New York Metropolitan Class A office properties from October 2016 through February 2017. Nine of these deals involved new tenants and one was a renewal of an existing tenant.

“We have seen a robust volume of lease transactions,” said Jeffrey H. Newman, Senior Vice President of ESRT. “Quality tenants are drawn to our properties’ convenient locations and superior amenities.”

In Fairfield County:

• Partner Reinsurance Company of the U.S. leased 56,700 sq. ft. at 200 First Stamford Place in Stamford. Tenant broker: Edward Tonnessen of Jones Lang LaSalle.
• Capital One, North America leased 10,000 sq. ft. at 100 First Stamford Place in Stamford. Tenant broker: Jay Hruska of Cushman & Wakefield. 
• TigerRisk Partners, LLP leased 4,900 sq. ft. at 100 First Stamford Place in Stamford. Tenant broker: Barbara Segalini-Stilley of CBRE.

In Westchester County:

• Sidney Frank Importing Company, Inc. leased 29,800 sq. ft. at 10 Bank Street in White Plains. Tenant brokers: Jay Hruska and Skip Lane of Cushman & Wakefield.
• ONS leased 15,400 sq. ft. at 500 Mamaroneck Avenue in Harrison. Tenant broker: Garry Klein of Houlihan Lawrence Commercial Group, LLC.
• CohnReznick, LLP leased 13,000 sq. ft. at 10 Bank Street in White Plains. Tenant brokers: Gregg Metcalf of Jones Lang LaSalle, Michael Siegel and Gus P. Nuzzolese, Esq. of Colliers International.
• Mitsui Plastics, Inc. leased 12,000 sq. ft. at 10 Bank Street in White Plains. Tenant broker: Craig S. Ruoff of Cushman & Wakefield. 
• InsMed Insurance Agency, Inc. leased 4,500 sq. ft. at 500 Mamaroneck Avenue in Harrison. Tenant broker: Matthew Lisk of Cushman & Wakefield.
• Genesis Capital Advisors, LLC leased 1,500 sq. ft.at 500 Mamaroneck Avenue in Harrison. Tenant broker: Stephanie R. Coleman of Colliers International. 
• JVN Global, Inc. leased 1,000 sq. ft. at 500 Mamaroneck Avenue in Harrison.

Mr. Newman represented ESRT in 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 building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.1 million rentable square feet, as of December 31, 2016, 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 706,000 rentable square feet in the retail portfolio.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our 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 interpreting and relying on forward-looking statements, because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond ESRT’s control and could materially affect actual results, performance or achievements. 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, whether as a result of new information, future events or otherwise.