The tenant, recently named one of the 10 Most Innovative Companies for 2015 by Fast Company, will be relocating its New York office, taking occupancy of floors 56-58 in the fourth quarter of this year.
“We have terrific momentum in leasing at the Empire State Building, and while HNTB’s lease reduces our current inventory to two full floors, we will be delivering to the market two full floors in 2015,” said Thomas P. Durels, Executive Vice President, and Director of Leasing and Operations for ESRT. “The terrific response to our unique urban campus’s new amenities and improving neighborhood is the fruit of our team’s hard work, and we look forward to more leasing.”
Founded in 1914, HNTB Corporation is a leading infrastructure solutions firm, with more than 60 offices across the United States and a continuous presence in New York City since 1922.
Landlord representation was provided by Fred C. Posniak of ESRT, along with William Cohen, Jonathan Tootell and Shanae Ursini of Newmark Grubb Knight Frank. Sven Sykes, Tyler Owens and Mark Friedman of Colliers International represented HNTB. David Bleckner of Bleckner P.C. served as the landlord’s attorney.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world’s most famous office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.0 million rentable square feet, as of December 31 2014, consisting of 9.3 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 728,000 rentable square feet in the retail portfolio. The Company also owns land at the Stamford, Connecticut Transportation Center that supports the development of an approximately 380,000 rentable square foot office building and garage.
*Please note all lease square footages noted are approximate.
This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “pro forma,” “estimates,” “contemplates,” “aims,” “continues,” “would” or “anticipates” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: the factors included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, including those set forth under the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Business” and “Properties.” While forward-looking statements reflect the Company’s good faith beliefs, they are not guarantees of future performance. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could impact the Company’s future results, performance or transactions, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Prospective investors should not place undue reliance on any forward-looking statements, which are based only on information currently available to the Company (or to third parties making the forward-looking statements).