NEW YORK, July 6, 2021 /PRNewswire/ -- Empire State
Realty Trust, Inc. (NYSE: ESRT) announced today that Rizzo
Group, a leading building code consulting firm, and CodeGreen
Solutions, Inc., a decarbonization and sustainability solutions
provider have signed a new, 11-year office lease with ESRT for an
11,835 square foot space at 1350 Broadway. The companies will
relocate to this larger space from their prior space at 1333
Broadway.
"We will return to the office with an expanded footprint and
confidence in ESRT's high-performance safety protocols and
years-long leadership in indoor environmental quality and
sustainability," said Stephen Rizzo,
CEO at Rizzo Group and co-founder at CodeGreen Solutions. "We found
the right match for our headquarters in a building with MERV 13
filters, active bipolar ionization, and plenty of daylight, all
fronting the new public open spaces on Broadway. Our workplace will
lead the way in sustainability and wellness with a space that
boosts opportunities for innovation. Typically, tenants use more
than 50% of a building's energy, so the ability to build a
decarbonized workplace can help move the needle in a big way and
provide a model for landlord-tenant collaboration. Our efforts in
deep carbon reduction are possible because they align with ESRT's
efforts to reduce energy use and meet aggressive, but necessary,
goals for net-zero emissions."
Located in the heart of the Broadway pedestrian mall and the
Commuter Triangle, 1350 Broadway offers unparalleled views, prime
transportation access, and plenty of dining, lodging, and retailers
in the immediate area. Within its 25 stories and 372,643 rentable
square feet, 1350 Broadway contains a modern lobby, office spaces,
and elevators, and a new roof and façade. The building is equipped
with MERV 13 filters and active bipolar ionization for premier
indoor environmental quality as organizations return to the
office.
"We are pleased that Rizzo Group and CodeGreen Solutions chose
to remain tenants of ESRT as they grow their space," said
Thomas P. Durels, executive vice
president, real estate for ESRT. "Our focus is to partner with our
tenants to provide a pathway for a confident return to office, and
with our industry-leading measures for indoor environmental
quality, safety, and energy efficiency, tenants can bring their
employees back with certainty that their health is a top
priority."
Christopher Kraus and
Charles Gerace of JLL represented
Rizzo Group in the lease negotiations. Landlord representation was
provided by Shanae Ursini and
Keith Cody of ESRT.
More information about the building, as well as current
availabilities, can be found online.
About Empire State Realty Trust
Empire State Realty
Trust, Inc. (NYSE: ESRT) 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." The
company's office and retail portfolio covers 10.1 million rentable
square feet, as of March 31, 2021,
which consists of 9.4 million rentable square feet across 14 office
properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in
Westchester County, New York; as
well as approximately 700,000 rentable square feet in the retail
portfolio.
Empire State Realty Trust is a leader in energy efficiency in
the built environment and sustainability space, with 76 percent of
the eligible portfolio ENERGY STAR certified and 100
percent fully powered by renewable wind electricity. As the first
commercial real estate portfolio in the Americas to achieve the
evidence-based, third-party verified WELL Health-Safety
Rating for health and safety, ESRT additionally earned the
highest possible GRESB 5 Star Rating and Green Star
recognition for sustainability performance in real estate and was
named a Fitwel Champion for healthy, high-performance
buildings. To learn more about Empire State Realty Trust,
visit esrtreit.com and follow 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, the current public health crisis and economic
disruption from the COVID-19 pandemic, a failure of conditions or
performance regarding any event or transaction described above,
regulatory changes, and 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, 2020, 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.
Source: Empire State Realty Trust, Inc.
Category: Leasing
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SOURCE Empire State Realty Trust, Inc.