ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

ESRT Signs the William Carter Company and Equativ for 49k Square Feet at 1350 Broadway

Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed two new, full-floor office leases with the William Carter Company (Carter’s) and Equativ for a total of 49,095 square feet at 1350 Broadway.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240731887194/en/

ESRT Signs the William Carter Company and Equativ for 49k Square Feet at 1350 Broadway (Photo: Business Wire)

ESRT Signs the William Carter Company and Equativ for 49k Square Feet at 1350 Broadway (Photo: Business Wire)

Carter’s – a children’s apparel company – signed a new lease for a 24,592 square foot space across a full floor, and ad tech company Equativ signed on for a full-floor, 24,503 square foot space.

"We are pleased to announce our move to a new and enhanced location for our New York City teams,” said Julie D'Emilio, Executive Vice President, Global Sales at Carter's. "We look forward to a productive partnership with Empire State Realty Trust."

"We were drawn to 1350 Broadway for its access to ESRT’s Broadway Campus’s state-of-the-art amenities and unbeatable location, right in the heart of New York City’s dynamic tech scene," said Lionel Bensoussan, EVP Americas at Equativ. "We are thrilled to join the ESRT community in which innovation and technology are prioritized."

Located along the Broadway Pedestrian Plaza, 1350 Broadway offers convenient access to major transportation, dining, and retail. Tenants of 1350 Broadway have access to ESRT’s Broadway Campus amenities which include a new 170+ person tenant lounge and all-hands space at 1400 Broadway, and a rooftop lounge with sweeping views of the Empire State Building at 1333 Broadway soon to come.

“ESRT’s great balance sheet and reputation for service combined with our prime locations, premier amenities, and unmatched indoor environmental quality measures, attract great companies,” said Thomas P. Durels, ESRT EVP, Real Estate. “We are pleased that Equativ and Carter’s will join our roster of high-quality tenants and benefit from the value of our offering.”

Jack Senske of Colliers International represented Carter’s and James Wenk of Savills represented Equativ in the lease negotiations. Shanae Ursini of ESRT and Robert Lowe, Ron LoRusso, Dan Organ, Peter Kerans, and Samantha Perlman of Cushman & Wakefield represented ESRT in both transactions.

More Information about 1350 Broadway, and current office availability, can be found online.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year – in Tripadvisor’s 2024 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is the recognized leader in energy efficiency and indoor environmental quality. As of June 30, 2024, ESRT’s portfolio is comprised of approximately 7.9 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X, and LinkedIn.

Source: Empire State Realty Trust

Category: Leasing

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.