NEW YORK, Aug 1, 2022 /PRNewswire/ — Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that Allied Universal® has expanded and relocated a 12,000-square-foot space at ESRT’s A Grand Central Place up to a space of 30,000 square meters 501 Seventh Avenue.
Located adjacent to the new Penn District developments with easy access to Penn Station, 501 Seventh Avenue tenants enjoy ESRT’s leading sound building technologies and indoor environmental quality.
“The market flight to quality is not just about new developments; it is about the desire of tenants for newly built and renovated energy efficient office space in modernized healthy buildings with easy access to public transport at an accessible price,” said Thomas P. Durelsexecutive vice president, real estate at Empire State Realty Trust.
Louis D’Avanzo and Michael Baraldic of Cushman & Wakefield represented Allied Universal® in the lease negotiations. Shanae Ursinic from ESRT and Ron Lo Russo, Heather Thomas, Patrick Murphy, Will Yeatmanand Pierce Hance of Cushman & Wakefield represented the owner.
Find out more about 501 Seventh Avenue and current availability 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 bigger 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 US and #3 attraction in the world, the newly redesigned 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. From June 30, 2022, ESRT’s portfolio consists of approximately 9.2 million rentable square meters of office space, 700,000 rentable square meters of retail space and 625 residential units spread over two multi-family homes. More information about Empire State Realty Trust can be found at: esrtreit.com and by following ESRT on facebook, Instagram, Twitter and LinkedIn.
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”, “plans”, “plans”, “projects” or the negative of these words or similar words or expressions that have nothing to do with historical matters. You should exercise caution when interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond ESRT’s control that could materially affect actual results , achievements or achievements. Such factors and risks include, without limitation, (i) the current public health crisis and economic disruption resulting from the COVID-19 pandemic, (ii) a failure of terms or performance related to 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 reports on Form 10-K for the year ending December 31, 2021 under the heading ‘Risk factors’. Except as required by law, ESRT and ESROP are under no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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