Empire State Realty Trust Inc. (ESRT) has signed a new lease with Hanover Street Capital, a commercial real estate platform that provides comprehensive services for Deutsche Bank’s commercial and multifamily real estate financing business, for a 12,622-square-foot space at 250 West 57th St.
“We were drawn to 250 West 57th St. for its unbeatable location and our high-end, pre-built space that is move-in ready,” said Sunil Madan, head and COO, at Hanover Street Capital. “We are thrilled to partner with Empire State Realty Trust and look forward to joining the building’s community.”
Located on Billionaire’s Row, the boutique office building features high-end, full-floor buildouts equipped with ESRT’s indoor environmental quality and sustainability measures. The building offers convenient access to Central Park, Lincoln Center, and nearby dining with in-building access to the Columbus Circle subway station and the Shops at Columbus Circle. Tenants can exercise in Central Park and then shower and change in the new Refresh 57, three fully stocked, tenant-only cabanas.
“ESRT is pleased to welcome Hanover Street Capital to our tenant roster at 250 West 57th St.,” said Thomas P. Durels, executive vice president, real estate at Empire State Realty Trust. “Hanover will benefit from the building’s convenient location and ESRT’s commitment to sustainability and indoor environmental quality throughout its portfolio.”
Chase Gordon of Transwestern represented Hanover Street Capital in the lease negotiations. Paul J. Amrich, Alexander Golod, Neil V. King III and Anthony Manginelli of CBRE and Jordan Berger of ESRT represented the property owner.
