Empire State Realty Trust Signs New Full-Floor Lease with Greater New York Mutual Insurance Company at the Empire State Building
January 25 2024 - 3:30PM
Business Wire
Empire State Realty Trust, Inc. (NYSE: ESRT) announced today
that it signed Greater New York Mutual Insurance Company (GNY
Mutual) for a new full-floor, 52,116 square foot space at the
world-famous Empire State Building (ESB). GNY Mutual has served
policyholders since 1914 and earned an A+ (Superior) rating from
A.M. Best for more than 30 consecutive years.
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Rendering: The new all hands tenant
amenity space at the Empire State Building with
basketball/pickleball courts, lounge, and golf simulators. (Photo:
Business Wire)
"As a 109-year-old insurance company who specializes in
providing coverage solutions for commercial real estate owners, we
appreciate the significance of the Empire State Building to the NYC
real estate community," said Elizabeth Heck, chairman, president,
and CEO of GNY Mutual. "As an employer, we are attracted to ESB for
its industry-leading sustainability measures and excellent tenant
amenities which aid in employee recruitment and retention in
addition to our hybrid work environment."
ESB is a fully modernized landmark that offers newly built
office space equipped with ESRT’s premier indoor environmental
quality and sustainability measures. The building houses more than
65,000 square feet of amenities which include a tenant-only fitness
center, conference center, eight in-building dining options, and a
400+ person all-hands space with basketball/pickleball courts and
golf simulators soon to come. ESRT recently announced new retail
leases at the Empire State Building with Ghirardelli and
Samurice.
“We are pleased to welcome GNY Mutual to our tenant roster at
the Empire State Building,” said Thomas P. Durels, executive vice
president, real estate at Empire State Realty Trust. “ESRT
continues to attract high quality office tenants as we provide
modernized office spaces in prime locations with top-tier
amenities.”
Mark Ravesloot of CBRE represented GNY Mutual in the lease
negotiations. Scott Klau, Erik Harris, Neil Rubin, Brent Ozarowski,
Zachary Weil, and Cole Gendels of Newmark and Jordan Berger, Shanae
Ursini, and Kerry Lavelle of ESRT represented the property
owner.
More information about the Empire State Building, and current
available office space, can be found online.
About Empire State Realty Trust Empire State Realty
Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and
operates a portfolio of modernized, amenitized, and well-located
office, retail, and multifamily assets. The company is the
recognized leader in energy efficiency and indoor environmental
quality. ESRT’s flagship Empire State Building – the “World’s Most
Famous Building” – includes its Observatory, the #1 attraction in
the U.S. in Tripadvisor’s 2023 Travelers’ Choice Awards: Best of
the Best for two consecutive years. As of September 30, 2023,
ESRT's portfolio is comprised of approximately 8.6 million rentable
square feet of office space, 0.7 million rentable square feet of
retail space and 727 residential units. More information about
Empire State Realty Trust can be found at esrtreit.com and by
following ESRT on Facebook, Instagram, TikTok, X, and LinkedIn.
Source: Empire State Realty Trust, Inc. Category: Leasing
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version on businesswire.com: https://www.businesswire.com/news/home/20240125005397/en/
Empire State Realty Trust Jamie Steinberg 213-400-3339
jsteinberg@esrtreit.com
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