Empire St Rlty Tr Inc Stock Price, News & Analysis

Empire State Realty Trust (NYSE: ESRT) announced on December 9, 2025 that the Empire State Building achieved LEED v5 Platinum certification under the Existing Buildings: Operations + Maintenance program.

The building is the largest LEED v5 Platinum project in the U.S. and the first in New York State to earn this recognition. ESRT cited a 51% reduction in energy use from its retrofit and said the project advanced from Gold to Platinum under the new LEED v5 performance criteria.

Empire State Realty Trust (NYSE: ESRT) agreed to acquire the Scholastic Building (555-557 Broadway) in SoHo for $386 million in an all-cash transaction expected to close in December 2025.

The property totals approximately 396,000 square feet (368,000 sq ft office; 28,000 sq ft retail), is 70% leased, and includes a 15-year office lease with Scholastic (NASDAQ: SCHL) for 222,000 square feet. Retail is fully leased with a weighted average lease term of ~8 years. The asset contains a unique three-floor block of over 110,000 square feet that ESRT plans to market.

Newmark (NASDAQ: NMRK) represented the seller. Additional transaction details are posted in the company’s investor presentation.

Scholastic (NASDAQ: SCHL) signed binding sale-leaseback agreements for its New York City headquarters (555-557 Broadway) and its Jefferson City, MO distribution center that are expected to generate $401 million in estimated gross proceeds. The Broadway sale to a subsidiary of Empire State Realty Trust for $386 million is expected to yield $327 million net; the Jefferson City sale to affiliates of Fortress for $95 million is expected to yield $74 million net.

Scholastic will enter long-term leases at both sites (15-year Broadway lease; 20-year triple-net Jefferson City lease) and plans to deploy proceeds toward debt reduction and share repurchases. Closings are expected before year-end 2025, subject to customary conditions.

Empire State Realty Trust (NYSE: ESRT) announced two new retail leases on North Sixth Street, Williamsburg, signed on December 1, 2025. HOKA leased 4,148 sq ft at 91 N. Sixth Street and Tecovas leased 4,174 sq ft at 89 N. Sixth Street, a combined 8,322 sq ft addition to ESRT’s North Sixth Street Collection.

CBRE represented HOKA; Lantern represented Tecovas. ESRT said the leases expand its curated roster of retailers alongside existing brands such as COS, Glossier, Everlane, and Warby Parker. ESRT and Lantern handled representation for the landlord on both transactions.

Empire State Realty Trust (NYSE: ESRT) announced a signed expansion lease with Gerson Lehrman Group (GLG) for 18,230 square feet at One Grand Central Place, increasing GLG's footprint to 95,612 square feet as of November 12, 2025.

GLG renewed 77,382 square feet in April 2025 and now occupies two full floors overlooking Vanderbilt Plaza; the building offers direct access to Grand Central Terminal, multiple subway lines, and Grand Central Madison LIRR access.

Empire State Building (ESRT) announced its 2025 Holiday Celebration program, featuring festive décor, classic movie screenings, local pop-ups, special tower lightings, Santa visits, and a Radio City Rockettes 100th Anniversary takeover.

Highlights include an official combo ticket with access to the immersive museum, 86th and 102nd observatories, a 15% gift-shop coupon, and select Rockettes show tickets; Rockettes exhibits and photo activations on the 80th and 86th floors; themed film nights on Dec. 5–20; Santa appearances on specified December dates; and daily Doughnuttery treats from Nov. 21. The release notes a $165 million reimagination of the Observatory and Tripadvisor #1 attraction ranking in 2025.

Empire State Realty Trust (NYSE:ESRT) announced its 2025 fall and Halloween program at the Empire State Building on Oct 31, 2025, highlighted by a visit from Heidi Klum who flipped the tower lights. Key items: a seasonal Ess-a-Bagel pop-up on the 86th floor through Nov 21 (daily 9 a.m.–4 p.m.), a 15% discounted ticket offer for 2025 TCS Marathon participants from Oct 30–Nov 3, and a new Halloween lighting scheme in orange and green with a first-ever five-minute hourly spooky chime.

The Observatory Experience completed a $165 million reimagination and was named Tripadvisor’s top NYC attraction for the fourth consecutive year, and ticket validation for marathon offers requires on-site proof of participation.

Empire State Realty Trust (NYSE: ESRT) signed a new lease with Tourneau, LLC for a 3,709 square foot Rolex retail store at 86 North Sixth Street in Williamsburg, part of ESRT's North Sixth Street Collection.

The property sits at the southeast corner of Wythe Avenue and North Sixth Street and joins a curated retail mix that includes COS, Glossier, Everlane, Warby Parker, SUGARFISH, The North Face, Byredo, and Buck Mason. Andrew S. Goldberg of CBRE represented Tourneau; ESRT was represented in-house by Fred C. Posniak and Alec Stone. ESRT said more retail activity is underway and directed interested parties to its online listings for current availability.

Empire State Realty Trust (NYSE: ESRT) announced it is among the first recipients of the U.S. EPA’s ENERGY STAR NextGen certification, recognizing buildings that outperform peers on energy efficiency. ESRT said eight NYC properties are more efficient than 90% of similar properties, citing a 51% energy use reduction41% reduction across its commercial portfolio from deep energy retrofits. ESRT will light the Empire State Building in cyan on Nov 1 to celebrate the achievement and continues to publish sustainability reporting and retrofit guidance for owners.