Expedia Travels to the Empire State Building; Leases More than 9,000 Sq. Ft.
NEW YORK CITY, January 20, 2016 – Expedia, Inc. (NASDAQ: EXPE), one of the world’s leading travel companies, is planning a journey of its own – to the Empire State Building, where it has leased more than 9,000 square feet on the 72nd floor, announces Empire State Realty Trust, Inc. (NYSE: ESRT).
“Expedia is the newest addition to the World’s Most Famous Building, which includes tenants such as Shutterstock, LinkedIn, Bulova, Coty, Global Brands Group, HNTB, Skanska and Media General Digital,” said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. “The Empire State Building, with its unique Urban Campus amenities, continues to attract top tenants.”
Founded in 1996 and headquartered in Bellevue, Washington, Expedia has a portfolio that encompasses approximately 12 of the world’s most notable brands, including Hotels.com, Hotwire, Orbitz Worldwide, Travelocity and CarRentals.com.
Brian Hay, Tim Hay, Sacha Zarba and Robert Hill of CBRE represented Expedia in the lease negotiations. Landlord representation was provided by Fred C. Posniak and Shanae Ursini of ESRT, along with Paul Glickman, Jonathan Fanuzzi, Kip Orban and Harley Dalton of JLL.
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.
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