NEW YORK, July 27, 2016 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announces that JCDecaux has chosen the Empire State Building as home for its North American headquarters. JCDecaux, the world's number one outdoor advertising company, has leased two tower full floors, totaling 46,537 sq. ft.
JCDecaux will occupy the entire 73rd and 74th floors of the World's Most Famous Building. JCDecaux is the latest upgrade in the tenancy as a result of the Empire State ReBuilding and joins a roster including Bulova, Coty, Global Brands Group, HNTB, LinkedIn, Media General Digital, Shutterstock and Skanska.
"We are thrilled to have another worldwide leader, JCDecaux, come to the Empire State Building," said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. "With only two full tower floors currently available, there is a limited opportunity for tenants to lease a tower floor at the building."
The onsite Urban Campus amenities at the Empire State Building create a unique employee experience unlike anywhere else. Amenities include New York City's largest tenant-only fitness center, seven in-building dining options (a new Tacombi restaurant is set to open this fall, and the building boasts the first-ever tenant delivery Starbucks), and tenant only conference center.
Snezana Anderson, Brad Needleman and Bernhard Weinstabel of CBRE represented JCDecaux in the lease negotiations. Landlord representation was provided by Ryan Kass, Fred Posniak and Shanae Ursini of ESRT, along with Paul Glickman, Jonathan Fanuzzi, Simon Landmann, Kip Orban and Harley Dalton of JLL.
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 building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of March 31, 2016, consisting of 9.4 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 720,000 rentable square feet in the retail portfolio.
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 (i) the Company's Annual Report on Form 10-K for the year ended December 31, 2015, including those set forth under the headings "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Business," and "Properties" and (ii) in future periodic reports filed by the Company under the Securities and Exchange Act of 1934, as amended. 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 Annual Report on Form 10-K for the year ended December 31, 2015, 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).
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SOURCE Empire State Realty Trust, Inc.