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Empire State Realty Trust, Inc. reports developments as a New York City-focused REIT with office, retail and multifamily assets and a separate Observatory business at the Empire State Building. Recurring updates include quarterly results, leasing and tenant amenity investments, NYC retail acquisitions and property financing, and capital recycling within its real estate portfolio.
The company's announcements also include Empire State Building Observatory programming, seasonal visitor experiences, health and safety certifications, energy efficiency and indoor environmental quality initiatives, and investor conference participation. These themes connect ESRT's real estate operations with the visitor-facing Observatory segment and its portfolio strategy in Manhattan and Brooklyn.
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.
The Empire State Building (ESB) announced the opening of registration for the 2022 Empire State Building Run-Up (ESBRU) on July 11, 2022. Scheduled for October 6, 2022, at 8 p.m. EST, the event will feature approximately 150 runners competing up 1,576 stairs. Registration costs $125 per participant. Turkish Airlines will sponsor the event for the fourth consecutive year, while the Challenged Athletes Foundation will partner to support adaptive athletes. The ESBRU promises to be a prominent event in tower running, reaffirming ESB’s legacy as a premier venue for such competitions.
Empire State Realty Trust (NYSE: ESRT) will announce its second quarter 2022 financial results on July 27, 2022, after market close. A conference call is scheduled for July 28, 2022, at 12:00 p.m. ET, to discuss performance and answer investor questions. Relevant materials will be available on the Company’s website prior to the call. ESRT manages a diverse property portfolio in NYC, including the Empire State Building, holding approximately 9.4 million square feet of office space and 700,000 square feet of retail space.
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The Empire State Building (ESB) has been recognized as the top attraction in the U.S. and third worldwide in Tripadvisor's 2022 Travelers' Choice Awards. This accolade stems from extensive user-generated reviews, celebrating the building's renovated Observatory Experience, which included a $165 million investment. The ESB's observatory is seeing increasing visitor numbers as travel restrictions ease. To commemorate this recognition, the tower was illuminated in Tripadvisor Green on June 15.