25,000 Square Feet of Pre-builts Leased at the Empire State Building

New Tenants Attracted by The Urban Campus

PR Newswire

NEW YORK, May 5, 2014 /PRNewswire/ -- Six tenants have leased a total of 25,000 square feet of pre-built space at the Empire State Building, announces Empire State Realty Trust, Inc. (ESRT) ("ESRT"), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area.

The transactions include:

  • Qatar Airways leased 6,152 square feet.  Tenant brokers:  Glenn Markman and Joseph Cirone of Cushman & Wakefield.
  • Taurasi Capital Management LLC leased 3,778 square feet.  Tenant broker:  Jeff Hersch of Prime Manhattan Realty.
  • Hedge fund RKY Services (USA) Inc. leased 3,272 square feet.  Tenant brokers:  Ethan Silverstein and Brian Zoubek of Cushman & Wakefield.
  • Pharmaceutical firm BioSynthema, Inc. leased 2,897 square feet.  Tenant brokers:  Esther Zar of MHP Commercial Brokerage Services and Lior Politi of The Corcoran Group.
  • Law firm Moses & Ziegelman, LLP leased 5,192 square feet.  Tenant broker:  Jonathan Anapol of Prime Manhattan Realty.
  • Community Options, Inc., expanded into a 3,617-square-foot suite under construction.  Tenant broker:  Erik Alberti of EFA Realty LLC.

Ryan Kass and Fred Posniak of Empire State Realty Trust and William Cohen, Jon Tootell and Shanae Ursini of Newmark Grubb Knight Frank represented the landlord in the six transactions.

"Our pre-builts are attracting tenants from the Plaza District to Midtown South, who are coming to The Urban Campus at the Empire State Building to enhance employees' productivity and collaboration experience," says Thomas P. Durels, Chief of Property Operations and Leasing for Empire State Realty Trust.

On-site amenities include the State Grill and Bar, with private executive dining and event space; a 15,000-square-foot, tenant-only fitness center; a tenant-only conference center (coming in summer 2014); multiple additional dining and food options; and a full complement of tenant services.  The Empire State Building was recently certified Platinum by WiredNYC for its superior level of internet connectivity and diversity, and access to fiber-based broadband.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (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 8.4 million rentable square feet, as of December 31, 2013, consisting of 7.7 million rentable square feet in 12 office properties, including seven in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 623,000 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 and has an option to acquire two additional Manhattan office properties encompassing approximately 1.5 million rentable square feet of office space and over 150,000 rentable square feet of retail space at the base of the buildings.

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," "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, of 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).      

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