NEW YORK CITY, May 24, 2016 – Empire State Realty Trust (NYSE:ESRT) has recently signed seven lease transactions at One Grand Central Place:
• Allianz Real Estate of America expanded by 2,700 square feet and now lease a total of 9,500 square feet. Tenant brokers: Greg Taubin and Jason Perla of Savills Studley.
• National CineMedia leased 21,800 square feet. Tenant brokers: Joseph Genovesi and John Harte of Savills Studley.
• NeotaLogic leased 5,050 square feet. Tenant broker: Mitchell Kunikoff of Lee & Associates NYC.
• Precision for Value leased 17,900 square feet. Tenant brokers: Nicola Heryet and Stephen Bellwood of Cushman & Wakefield.
• RMC Research Corporation leased 5,400 square feet. Tenant broker: Peter Shimkin of Newmark Grubb Knight Frank.
• Tenex Capital Management expanded by 8,500 square feet. Tenant broker: Jeffrey Lovell of Cushman & Wakefield.
• Undisclosed tenant leased 13,900 square feet. Tenant broker: Daniel Horowitz, Jeffrey Peck and Christopher Foerch of Savills Studley.
“With direct in-building access to Grand Central Terminal, commuters are just three minutes away from their train or subway,” said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. “The convenient location, amenities that include a newly expanded tenant-only conference center (under construction) and two dining options, combined with new high-quality tenant spaces are why we continue to see solid demand.”
Ryan Kass, Julie Christiano and Lindsay Godard represented ESRT in the above transactions, along with William Cohen and Andrew Weisz of Newmark Grubb Knight Frank.
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 March 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 720,000 rentable square feet in the retail portfolio.
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 (i) the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, including those set forth under the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Business,” and “Properties” and (ii) in future periodic reports filed by the Company under the Securities and Exchange Act of 1934, as amended. 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 Annual Report on Form 10-K for the year ended December 31, 2015, 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).
