Empire State Realty Trust Leases Over 29,000 Square Feet At Greater NY Metro Properties

Business Wire


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, has recently signed six new tenant leases at its Fairfield and Westchester County office properties for a total of 29,142 square feet.

The transactions include:

  • Resolution Life, Inc. leased 7,915 square feet at Metro Center in Stamford, CT. Tenant broker: Gil Ohls of JLL.
  • Investment advisor Pinnacle Associates leased 2,760 square feet at Metro Center. Tenant broker: Tom Pajolek of CBRE.
  • SouthPeak Investment Management, LLC leased 2,047 square feet at 300 First Stamford Place in Stamford, CT. Tenant broker: Richard Rosencrans of JLL.
  • Spinifex Pharmaceuticals, Inc. leased 3,620 square feet at 100 First Stamford Place. Tenant broker: Richard Rosencrans of JLL.
  • Arysta LifeScience Management Company, LLC leased 11,295 square feet at MerrittView in Norwalk, CT. Tenant broker: Kevin Foley of Cushman & Wakefield.
  • Pro-Star Energy Services leased 1,505 square feet at 500 Mamaroneck Avenue in Harrison, N.Y.

“We are delighted to welcome these quality tenants to our Greater New York Metropolitan region buildings,” said Jeffrey H. Newman, senior vice president of Empire State Realty Trust and its affiliates. “Tenants continue to be attracted to our properties’ convenient locations, access to mass transportation centers, attentive management, abundant on-site amenities and tenant services.”

Mr. Newman represented the landlord in all of 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. (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 March 31, 2014, 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 624,000 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).

LVM Group
Rachel Antman, 646-699-7825
David Grant, 646-699-7826

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