NEW YORK, Aug. 1, 2022 /PRNewswire/ -- Empire State Realty
Trust, Inc. (NYSE: ESRT) announced today that Allied Universal®
expanded and relocated from a 12,000 square foot space at ESRT's
One Grand Central Place to a 30,000 square foot space at 501
Seventh Avenue.
Located adjacent to Penn District's new developments with
convenient access to Penn Station, tenants of 501 Seventh Avenue
enjoy ESRT's leading healthy building technologies and indoor
environmental quality.
"The market flight to quality is not just about new development;
it is about tenant's desire for newly built and renovated,
energy-efficient office space in modernized healthy buildings with
convenient access to mass transit at an accessible price point,"
said Thomas P. Durels, executive
vice president, real estate at Empire State Realty Trust.
Louis D'Avanzo and Michael
Baraldi of Cushman & Wakefield represented Allied
Universal® in the lease negotiations. Shanae Ursini of ESRT and Ron Lo Russo, Heather
Thomas, Patrick Murphy,
Will Yeatman, and Pierce Hance of Cushman & Wakefield
represented the property owner.
More information about 501 Seventh Avenue, and current
availabilities, can be found online.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns
and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the
Empire State Building, the World's Most Famous Building, and
Tripadvisor's 2022 Travelers' Choice Best of the Best Awards #1
attraction in the U.S. and #3 attraction in the world, the newly
reimagined and iconic Empire State Building Observatory. The
company is a leader in healthy buildings, energy efficiency, and
indoor environmental quality and has the lowest greenhouse gas
emissions per square foot of any publicly traded REIT portfolio in
New York City. As of June 30,
2022, ESRT's portfolio is comprised of approximately 9.2
million rentable square feet of office space, 700,000 rentable
square feet of retail space and 625 residential units across two
multifamily properties. More information about Empire State
Realty Trust can be found at esrtreit.com and by following
ESRT on Facebook, Instagram, Twitter and
LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Federal securities laws. You can identify these
statements by our use of words such as "assumes," "believes,"
"estimates," "expects," "intends," "plans," "projects" or the
negative of these words or similar words or expressions that do not
relate to historical matters. You should exercise caution in
interpreting and relying on forward-looking statements, because
they involve known and unknown risks, uncertainties and other
factors which are, in some cases, beyond ESRT's control and could
materially affect actual results, performance or achievements. Such
factors and risks include, without limitation, (i) the current
public health crisis and economic disruption from the COVID-19
pandemic, (ii) a failure of conditions or performance regarding any
event or transaction described above, (iii) regulatory changes and
(iv) other risks and uncertainties described from time to time in
ESRT's and ESROP's filings with the SEC, including those set forth
in each of ESRT's and ESROP's Annual Report on Form 10-K for the
year ended December 31, 2021 under
the heading "Risk Factors." Except as may be required by law, ESRT
and ESROP do not undertake a duty to update any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Category: Leasing
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