{"id":6184,"date":"2026-02-20T07:41:46","date_gmt":"2026-02-20T07:41:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=6184"},"modified":"2026-02-20T07:41:46","modified_gmt":"2026-02-20T07:41:46","slug":"burlington-expands-to-206k-sq-ft-1400-broadway","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/burlington-expands-to-206k-sq-ft-1400-broadway\/","title":{"rendered":"Burlington Expands to 206K Sq. Ft. at ESRT\u2019s 1400 Broadway"},"content":{"rendered":"<p>Empire State Realty Trust has inked a long-term expansion and renewal with Burlington Stores at 1400 Broadway, pushing the off-price retailer past 200,000 square feet of office space at the Midtown South tower in Manhattan, N.Y.<\/p>\n<p>Burlington signed for an additional, full floor of 35,629 square feet and extended its existing 170,763 square feet to bring its total footprint at the 29-story, roughly 929,000-square-foot building to 206,392 square feet. The deal brings all of Burlington\u2019s leases at the building to a single 2042 expiration.<\/p>\n<p>It\u2019s Burlington\u2019s fourth expansion at 1400 Broadway since it first leased 35,182 square feet there in 2010, steadily growing its corporate office at the property during the last decade. Financial terms were not disclosed.<\/p>\n<p>ESRT was represented in-house by Jordan Berger and Kerry Lavelle, alongside Newmark\u2019s Scott Klau, Erik Harris and Neil Rubin. Alan Desino of Colliers represented Burlington.<\/p>\n<figure id=\"attachment_6190\" aria-describedby=\"caption-attachment-6190\" style=\"width: 240px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6190 size-medium lazyload\" src=\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2026\/02\/1400-Broadway-Manhattan.jpg?w=240\" alt=\"\" width=\"240\" height=\"300\" data-srcset=\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2026\/02\/1400-Broadway-Manhattan.jpg 640w, https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2026\/02\/1400-Broadway-Manhattan.jpg?resize=240,300 240w\" sizes=\"auto\" \/><figcaption id=\"caption-attachment-6190\" class=\"wp-caption-text\">1400 Broadway, Manhattan<\/figcaption><\/figure>\n<p>Located near Herald Square and Penn Station, 1400 Broadway is one of ESRT\u2019s largest office assets in Midtown South, a submarket that the REIT has prioritized as part of its New York City-focused portfolio.<\/p>\n<p>Separately, Nespresso renewed its full-floor, 41,835-square-foot office at ESRT\u2019s 111 W. 33rd St. for seven years. The company has been there since 2018, using the office space as its consolidated New York City headquarters. Justin Haber, Kyle Riker and Emma Gill of JLL represented Nespresso.<\/p>\n<p>\u201cWe are pleased that Burlington will grow their space at 1400 Broadway once again, and that we will continue our partnership with Nespresso at 111 West 33rd Street,\u201d said Ryan Kass, EVP, co-head of real estate, chief revenue officer at ESRT. \u201cTenants value ESRT\u2019s high-quality office spaces, unparalleled service and strong balance sheet, which is evidenced by the more than 3.2 million square feet of existing tenant expansions since 2013.\u201d<\/p>\n<p>On the retail side, T.J.Maxx signed a 10-year early renewal for 46,437 square feet at 250 W. 57th St., and JPMorgan Chase Bank extended 21,683 square feet at One Grand Central Place for a total of more than 68,000 square feet of retail renewals combined.<\/p>\n<p>The activity was part of ESRT\u2019s <a href=\"https:\/\/s26.q4cdn.com\/276724132\/files\/doc_financials\/2025\/q4\/ESRT-4Q25-Earnings-Release-vF.pdf\" target=\"_blank\" rel=\"noopener\">fourth-quarter 2025 results<\/a>, which involved the landlord signing 458,473 square feet of commercial leases, including more than 333,000 square feet of office transactions. At year-end, the company\u2019s office portfolio was 93.5% leased or 89.9% occupied.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Empire State Realty Trust has inked a long-term expansion and renewal with Burlington Stores at 1400 Broadway, pushing the off-price retailer past 200,000 square feet of office space at the Midtown South tower in Manhattan, N.Y. Burlington signed for an additional, full floor of 35,629 square feet and extended its existing 170,763 square feet to bring its total footprint at the 29-story, roughly 929,000-square-foot building to 206,392 square feet. The deal brings all of Burlington\u2019s leases at the building to a single 2042 expiration. It\u2019s Burlington\u2019s fourth expansion at 1400 Broadway since it first leased 35,182 square feet there in&#8230;<\/p>\n","protected":false},"author":3163,"featured_media":6185,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-6184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-office-news","category-retail-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ESRT Announces Burlington Expansion and Nespresso Renewal in NY<\/title>\n<meta name=\"description\" content=\"Burlington Stores inks a long-term office space expansion at 1400 Broadway through 2042. 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