Newswire Mann Report

Empire State Building Announces 100,000SF of New Transactions

Photo courtesy of Empire State Realty Trust

Empire State Realty Trust Inc. signed new leases for approximately 100,000 square feet at the Empire State Building (ESB) in late Q422 and early 2023. In January, a North American engineering firm leased 65,000 square feet for 16 years, and OFS Brands and Resolution Life Inc. signed leases for a combined 23,500 square feet in December 2022. Additional leases signed with new tenants bring the total to approximately 100,000 square feet leased.

OFS Brands, headquartered in Indiana, will relocate to the 59th floor of ESB and will utilize ESRT’s turnkey services to custom build its new space. Resolution Lifedecided to open its first New York City office space at ESB. The life insurance group will occupy a pre-built, furnished space on the 60th floor.

The engineering firm’s identity will be released after it informs its employees, expected by March 2023.

“We are pleased to welcome these new tenants to the ‘World’s Most Famous Building’ as they join our prestigious tenant roster,” said Thomas P. Durels, executive vice president, real estate at Empire State Realty Trust. “These organizations were attracted to the Empire State Building’s convenient location, industry-leading sustainability practices, extensive amenities, and turnkey services to deliver move-in ready space.”

Ed Wartels and Justin Halpern of Cushman and Wakefield represented OFS Brands in lease negotiations. Scott Brown and Owen Reda of Newmark represented Resolution Life, Inc. David Goldstein and Dina Zavislak of Savills represented the engineering firm. Ryan Kass, Jordan Berger and Shanae Ursini of Empire State Realty Trust and Scott Klau, Erik Harris and Neil Rubin of Newmark represented the property owner.