NEW YORK (Jan. 5, 2022) – Empire State Realty Trust, Inc. (NYSE: ESRT) announced that Signature Bank, a New York-based full-service commercial bank, has more than doubled its current office space at 1400 Broadway. The company will expand by 168,310 square feet from its previous 111,872 square foot office space for a total of 280,182 square feet across 10 full floors. Signature Bank’s entire space is now under lease for 15 years.
Located along the improved Broadway Pedestrian Plaza, 1400 Broadway provides convenient access to nearby transportation, dining, lodging, and entertainment. Tenants benefit from ESRT’s leadership in energy efficiency and premier indoor environmental quality – which includes MERV 13 filters and active bi-polar ionization – at rents that are a fraction of newer buildings.
“Signature Bank’s expansion and lease extension are a testament to the market’s general flight to quality and the value proposition of 1400 Broadway,” said Thomas P. Durels, executive vice president, real estate at Empire State Realty Trust. “Signature Bank will continue to benefit from unparalleled customer service and superior indoor environmental quality measures for a confident return to office.”
Michael Cohen, Andrew Roos, and Howard Kaplowitz of Colliers International NY represented Signature Bank in the lease negotiations. Scott Klau, Erik Harris, Neil Rubin, of Newmark and Ryan Kass of Empire State Realty Trust represented the property owner.
More information about 1400 Broadway, and current availability, can be found online.
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About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office and retail assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World’s Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT’s portfolio is comprised of 9.4 million rentable square feet of office space, and approximately 700,000 rentable square feet of retail space. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, Twitter and LinkedIn.
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Empire State Realty Trust
Source: Empire State Realty Trust, Inc.