New Transaction Keeps Midtown Retail Property at 100% Leased
NEW YORK, Nov. 10, 2022 /PRNewswire/ — Empire State Realty Trust, Inc. (NYSE: ESRT) introduced at present that it welcomed nationwide jewellery model Pandora with a lease signed at 112 W. 34th Street. All retail areas at 112 W. 34th Street are absolutely leased as Pandora will occupy a retailer beforehand leased to Swatch.

Located reverse Macy’s and one block west of the Empire State Building, Pandora will be part of Sephora, Target, and Foot Locker at the nexus of the 34th Street procuring hall.
“The retail brands at 112 W 34th Street are some of our best performing stores based on store foot traffic and retail sales,” mentioned Fred C. Posniak, SVP, Leasing at Empire State Realty Trust. “We are pleased to bring another great brand to the ESRT portfolio.”
Robert Gibson and David Berke of JLL represented Pandora within the lease negotiations. Fred C. Posniak of ESRT represented the property proprietor.
More details about 112 W. 34th Street will be discovered on-line.
Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages workplace, retail and multifamily property in Manhattan and the higher New York metropolitan space. ESRT owns the Empire State Building, the World’s Most (*112*) Building, and Tripadvisor’s 2022 Travelers’ Choice Best of the Best Awards #1 attraction within the U.S. and #3 attraction on the earth, the newly reimagined and iconic Empire State Building Observatory. The firm is a frontrunner in wholesome buildings, power effectivity, and indoor environmental high quality and has the bottom greenhouse fuel emissions per sq. foot of any publicly traded REIT portfolio in New York City. As of September 30, 2022, ESRT’s portfolio is comprised of roughly 9.2 million rentable sq. ft of workplace house, 700,000 rentable sq. ft of retail house and 625 residential models throughout two multifamily properties. More details about Empire State Realty Trust will be discovered at esrtreit.com and by following ESRT on Facebook, Instagram, Twitter and LinkedIn.
This press launch accommodates forward-looking statements inside the which means of the Federal securities legal guidelines. You can determine these statements by our use of phrases resembling “assumes,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects” or the unfavourable of those phrases or comparable phrases or expressions that don’t relate to historic issues. You ought to train warning in decoding and counting on forward-looking statements, as a result of they contain recognized and unknown dangers, uncertainties and different elements that are, in some circumstances, past ESRT’s management and will materially have an effect on precise outcomes, efficiency or achievements. Such elements and dangers embrace, with out limitation, the present public well being disaster and financial disruption from the COVID-19 pandemic, a failure of situations or efficiency relating to any occasion or transaction described above, regulatory modifications, and different dangers and uncertainties described from time to time in ESRT’s and ESROP’s filings with the SEC, together with these set forth in every of ESRT’s and ESROP’s Annual Report on Form 10-Ok for the yr ended December 31, 2021 below the heading “Risk Factors.” Except as could also be required by regulation, ESRT and ESROP don’t undertake an obligation to replace any forward-looking assertion, whether or not on account of new info, future occasions or in any other case.

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