Empire State Realty Trust Leases Main Street Retail in Westport, CT to Robert Redford's Sundance
Lululemon Expands Retail Space
Jan 30, 2019, 16:45 ET
NEW YORK, Jan. 30, 2019 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Sundance Holdings Group, LLC, Robert Redford's retail brand, will open at 69-97 Main Street in Westport, CT. Sundance has signed a 3,920 sq. ft. long-term lease. Sundance's adjacent tenant lululemon also recently expanded its Main Street location to 5,645 sq. ft.
"Sundance selected the best retail location on Westport's Main Street," said Thomas P. Durels, Executive Vice President, Real Estate, for ESRT. "They will have great visibility, the best central location and easy access to public parking for their customers. Sundance joins our other popular retail tenants lululemon, Theory, and Athleta. There are only two remaining retail spaces adjacent to these popular brands in this great location; one is 2,005 sq. ft., and the other 2,963 sq. ft. Both stores shall contain frontage on both Main Street and Parker Harding Plaza with 277 parking spaces.
Sundance was founded by Robert Redford as a General Store in Utah's Sundance Village in 1969 and published its first catalog twenty years later. Today, Sundance continues to embrace Redford's commitment to the artist community throughout its website, catalog and retail channels.
Brenda Wurtz of Dallimore & Co. represented Sundance and Jeremy Ezra of RKF represented lululemon in the lease negotiations. Landlord representation was provided by Fred C. Posniak, Senior Vice President of ESRT.
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 September 30, 2018, 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 700,000 rentable square feet in the retail portfolio.
This press release may contain forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by use of the words "assumes," "believes," "estimates," "expects," "intends," "plans," "projects" and similar expressions that do not relate to historical matters. You should exercise caution in relying on forward-looking statements, because they involve risks, uncertainties and other factors which are, in some cases, beyond ESRT's control and could materially affect actual results. Such factors and risks include, without limitation, a failure of conditions or performance regarding any event or transaction described above, regulatory changes, and other risks and uncertainties described from time to time in ESRT's filings with the SEC. Except as may be required by law, ESRT does not undertake a duty to update any forward-looking statement.
SOURCE Empire State Realty Trust, Inc.
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