Empire State Realty Trust Signs 10 New Tenants For Its Broadway Office Corridor

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 leased over 40,000 square feet of office space in three of its Broadway Office Corridor properties, encompassing a total of 10 new tenants at 1350 and 1359 Broadway and at 501 Seventh Avenue.

The tenants will occupy a variety of spaces, including high-end pre-built suites with concrete floors, exposed ceiling and ductwork and stainless steel pantry finishes.

At 1350 Broadway, ESRT has welcomed:

  • Bounce Media, 3,360 square feet; tenant broker: Ruth Colp-Haber of Wharton Property Group;
  • MWH Americas, Inc., 3,428 square feet; tenant brokers: Giorgio Versea and Chris Sterling of DTZ;
  • Mace North America, 4,933 square feet; tenant brokers: Louis Buffalino and Seamus Joyce of DTZ.

At 1359 Broadway, five transactions were signed:

  • Asset Control System Inc., 4,865 square feet; tenant broker: Brad Lane of JLL;
  • Brown and Caldwell, 3,407 square feet; tenant broker: Brooks Hauf of Cushman & Wakefield;
  • Evite, LLC, 4,577 square feet; tenant broker: William Iacovelli of CBRE;
  • Payless ShoeSource, Inc., 3,108 square feet; tenant brokers: Benjamin Bass and Harley Dalton of JLL;
  • Miller Heiman, Inc., 2,249 square feet; tenant broker: Joe McLaughlin of Capstone Realty Advisors.

At 501 Seventh Avenue, two transactions were completed:

  • P. Devos Designs, 7,628 square feet; tenant broker: Steven Pressler of Coldwell Banker;
  • Ecosystem Energy Services USA, Inc., 2,982 square feet; tenant broker: Seth Hecht of Colliers International.

“The broad range of new tenants with whom we have signed, from media to engineering to finance and technology, illustrates the appeal of our new energy-efficient pre-built office suites in fully improved buildings with new systems and beautifully restored architecture,” says Thomas P. Durels, ESRT’s Chief of Property Operations and Leasing. “The Broadway Corridor in Times Square South has been transformed into a first-choice destination for many quality office tenants that seek a central location with convenient access to mass transit and amenities.”

Other tenants in ESRT’s properties in the area include Captivate Network, Interpublic Group, PVH Corp., Ipreo, Kohl’s, LF USA, Bob Woodruff Foundation and OnDeck Capital, to name just a few.

Landlord representation for the 10 leases was provided by Ryan Kass, Fred Posniak and Keith Cody of Empire State Realty Trust, along with William Cohen, Neil Rubin and Andrew Weisz of Newmark Grubb Knight Frank for 1350 and 1359 Broadway; and Harry Blair, Sean Kearns and James Schunk of Cushman & Wakefield for 501 Seventh Avenue.

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

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