Empire St Rlty Tr Inc Stock Price, News & Analysis

The Empire State Building (ESB) welcomed U.K. Prime Minister Liz Truss for her first U.S. tour, marking the first visit by a U.K. Prime Minister since Winston Churchill in 1932. Truss conducted media interviews on the Observatory's 102nd floor, with Empire State Realty Trust's CEO Anthony Malkin guiding her. The building, renowned for its iconic status and undergoing a $165 million reimagination, attracts over 4 million visitors annually and is fully powered by renewable energy.

Empire State Realty Trust (NYSE: ESRT) has signed leases with three new retail tenants—Panera Bread, Playa Bowls, and Le Café Coffee—to enhance its food offerings across its New York City properties. Panera Bread will relocate to 1359 Broadway, occupying 2,100 square feet, while Playa Bowls will lease 1,385 square feet at 1350 Broadway. Le Café Coffee will take an 822 square foot space at 561 10th Ave. This strategic expansion aims to improve amenities for office and residential tenants, continuing ESRT's commitment to creating a diverse and appealing tenant mix.

Empire State Realty Trust (NYSE: ESRT) announced the lease renewal of 79,059 square feet by Franklin Templeton at 100 First Stamford Place, comprising about 10% of the building's space. Located in Connecticut's prominent business district, the office campus features numerous amenities. Jeff Newman from ESRT highlighted that this move showcases the property's appeal for attracting talent in the tri-state area and underscores ESRT's commitment to sustainability and quality workspaces. ESRT manages approximately 9.2 million rentable square feet of office space, focusing on energy efficiency and indoor environmental quality.

Empire State Realty Trust (NYSE: ESRT) announced that CLA (CliftonLarsonAllen LLP) has leased the entire 51st floor of One Grand Central Place, totaling 12,422 square feet. This expansion represents a tripling of CLA's office space at the location in under two years. ESRT's executive vice president highlighted the building's modern amenities and convenient location, responding to market demand for quality office spaces. CLA's CEO praised the supportive leasing process provided by ESRT.

Empire State Realty Trust (NYSE: ESRT) announced that Allied Universal® has expanded and relocated its office from a 12,000 square foot space at One Grand Central Place to a new 30,000 square foot space at 501 Seventh Avenue. This move highlights the increasing demand for energy-efficient and modern office spaces, especially in New York City. The new location offers enhanced healthy building technologies and convenient access to mass transit. ESRT continues to lead in sustainability, owning a diverse portfolio of approximately 9.2 million rentable square feet.

The Empire State Building (ESB) announced a partnership with Tipsy Scoop to sell liquor-infused ice cream from the 86th Floor Observatory. This pop-up will run from August 3 to September 5, 2022, offering three boozy flavors and a signature sundae exclusive to ESB. Prices range from $4.50 to $12. The initiative aims to provide unique local flavors and enhance visitor experience. Tipsy Scoop founder expressed excitement for this collaboration, which encourages guests to share their experiences on social media.

Empire State Realty Trust, Inc. (NYSE: ESRT) announced that Burlington Stores, Inc. has signed a lease for an additional 34,591 square feet at 1400 Broadway, expanding its total occupancy to 102,898 square feet. This expansion underscores a strong partnership between ESRT and Burlington, which values the property's accessibility and energy efficiency features. ESRT's portfolio includes approximately 9.2 million rentable square feet of office space, with a focus on healthy, energy-efficient buildings. The announcement reflects continued tenant demand in New York's competitive real estate market.

Empire State Building (ESB) announced plans for a new tenant-only amenity space to be completed within a year, featuring a town hall meeting area for 400, a basketball court, and a reservable lounge with golf simulators. Additionally, ESB appointed Newmark as its leasing agent, continuing a successful partnership. The building has undergone a significant energy retrofit, reducing carbon emissions by 54%. Current amenities include a fitness center, conference center, and dining options. ESB aims to attract quality tenants with modern infrastructure and energy-efficient features.

Empire State Realty Trust (NYSE: ESRT) announced that iCapital is expanding its office space at One Grand Central Place by adding 59,228 square feet, bringing its total leased area to 141,224 square feet. This marks iCapital's fourth expansion since its initial lease in 2017. The company values the location for its premier amenities and transport access. The long-term lease strengthens ESRT's portfolio, further establishing it as a leader in healthy and energy-efficient buildings.