{"id":1004197264,"date":"2017-11-14T07:07:18","date_gmt":"2017-11-14T15:07:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197264"},"modified":"2022-12-08T03:49:06","modified_gmt":"2022-12-08T11:49:06","slug":"empire-state-inks-full-floor-lease-at-nyc-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/empire-state-inks-full-floor-lease-at-nyc-property\/","title":{"rendered":"Empire State Inks Full-Floor Lease at NYC Property"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004197278\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/250-West-57th-St.-Empire-State.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004197278\" data-attachment-id=\"1004197278\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/empire-state-inks-full-floor-lease-at-nyc-property\/250-west-57th-st-empire-state\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/250-West-57th-St.-Empire-State.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"250 West 57th St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;250 West 57th St. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/250-West-57th-St.-Empire-State.jpg?w=800\" class=\"wp-image-1004197278 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/250-West-57th-St.-Empire-State.jpg\" alt=\"250 West 57th St. \" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/250-West-57th-St.-Empire-State.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/250-West-57th-St.-Empire-State.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/250-West-57th-St.-Empire-State.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004197278\" class=\"wp-caption-text\">250 West 57th St.<\/p><\/div>\n<p>After securing an 85,400-square-foot lease with\u00a0The American Society of Composers, Authors and Publishers in October, Empire State Realty Trust inked a 26,150-square-foot long-term lease with\u00a0Universal Music Group for an entire floor at the 250 West 57th St.<a href=\"https:\/\/www.commercialsearch.com\/news\/empire-state-realty-inks-85-ksf-at-nyc-office-asset\/\"> office building in Manhattan<\/a>. The company will now be located adjacent to its headquarters at 1755 Broadway.\u00a0<\/p>\n<p>Universal Music Group is home to some of music\u2019s greatest artists, innovators and entrepreneurs. The business owns and operates a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries.<\/p>\n<h2>7th full-floor tenant<\/h2>\n<p><em>\u201cWe are thrilled to lease a full floor to Universal Music Group at the new 250 West 57th St.,\u201d<\/em> said Thomas Durels, executive vice president &amp; director of leasing and operations for ESRT, in prepared remarks. <em>\u201cThis transaction marks our seventh full-floor tenant at 250 West 57th St. which has been modernized for the 21st Century and has had an extensive redevelopment including new Gensler-designed lobby with its incredible art installation, new streetscape, new building entrance, modernized elevator system and new elevator cabs.\u201d<\/em><\/p>\n<p>Scott Gottlieb of CBRE represented Universal Music Group in the lease negotiations. Landlord representation was provided by Keith Cody of ESRT, along with Cushman &amp; Wakefield\u2019s Harry Blair, Sean Kearns and Heather Thomas.<\/p>\n<p><em>Image courtesy of Yardi Matrix\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE represented Universal Music Group in the lease negotiation for 26,150 square feet at 250 West 57th St. in Manhattan. <\/p>\n","protected":false},"author":746,"featured_media":1004197278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[32789,32799,34345,33012],"class_list":["post-1004197264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-cushman-wakefield","tag-empire-state-realty-trust","tag-gensler"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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