New York, NY (October 21, 2020) – Empire State Realty Trust, Inc. (NYSE: ESRT) (“the Company”) announced today that the Company signed a direct lease with Centric Brands for 212,154 square feet at the Empire State Building (ESB). The space was previously leased to Global Brands Group and occupied by Centric Brands under a sublease.
“As part of Centric Brands’ reorganization, they considered all their options for their offices. It is gratifying that they chose to restack and make a long-term commitment to ESB. The deal could not have happened without the tremendous cooperation of all parties, from Centric management, to Global Brands Group, Alvarez & Marsal, and JLL. We look forward to our continued relationship with Centric Brands as they grow,” said Anthony E. Malkin, Chairman, President & CEO of Empire State Realty Trust.
“We are pleased to sign a direct lease with Centric Brands, which reflects their commitment to maintain their workplace at the Empire State Building,” said Thomas Durels, EVP, Real Estate. “As an early leader in Indoor Environmental Quality and the first owner of a commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating for Facility Operations and Management, we are open for business and pleased to see our tenants return to the office.”
Peter Riguardi, Joseph Messina, and Cynthia Wasserberger from JLL represented Centric Brands in the transaction. Landlord representation was provided by Anthony E. Malkin, Ryan Kass, and Shanae Ursini from ESRT.
MEDIA CONTACT:
Empire State Realty Trust
Alexandra Chernin | (212) 736-3100 | achernin@esrtreit.com
