{"id":1004701701,"date":"2024-02-08T09:30:38","date_gmt":"2024-02-08T17:30:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004701701"},"modified":"2024-02-08T09:30:40","modified_gmt":"2024-02-08T17:30:40","slug":"esrt-signs-full-floor-lease-at-manhattan-high-rise-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/esrt-signs-full-floor-lease-at-manhattan-high-rise-2\/","title":{"rendered":"ESRT Signs Full-Floor Lease at Manhattan High-Rise"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a0f5bb2659c6&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"274\" height=\"205\" data-attachment-id=\"1004701708\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/esrt-signs-full-floor-lease-at-manhattan-high-rise-2\/270-west-57-street-esrt\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/270-west-57-street-esrt-e1707398615764.png\" data-orig-size=\"274,205\" 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;0&quot;}\" data-image-title=\"270 west 57 street esrt\" data-image-description=\"&lt;p&gt;250 West 57th Street&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;250 West 57th Street. Image courtesy of Empire State Realty Trust&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/270-west-57-street-esrt-e1707398615764.png?w=274\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/270-west-57-street-esrt-e1707398615764.png?w=274\" alt=\"250 West 57th Street\" class=\"wp-image-1004701708\" style=\"width:400px\"\/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">ESRT bought the asset in the same deal that involved the Empire State Building, in 2013. <em>Image courtesy of Empire State Realty Trust<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>Empire State Realty Trust<\/strong> has signed a 12,622-square-foot, full-floor lease at 250 W. 57th St. in Manhattan. The tenant is<strong> Hanover Street Capital<\/strong>, a commercial real estate platform. <strong>Transwestern <\/strong>negotiated on behalf of the tenant. ESRT self-represented together with a team of <strong>CBRE <\/strong>brokers.<\/p>\n\n\n\n<p>The owner purchased the asset from Helmsley Enterprises as part of the $711 million portfolio deal that also included the final ownership stake in the Empire State Building, back in 2013, according to CommercialEdge. Current tenants at the office tower include AJ Clarke Real Estate, Bank of America, RZO Companies, CookFox Architects and American Society of Composers, Authors and Publishers, the same source reveals.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/manhattan-construction-starts-plummeted-in-2023\/\">Developers Pull Back on Manhattan Office Starts<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>The building at 250 W. 57th St. is a 539,665-square-foot Class A office building that features floor plates ranging from 9,200 to 27,000 square feet, 10 passenger elevators and a 2,268-square-foot first floor retail space, according to CommercialEdge. The property is also equipped with ESRT\u2019s indoor environmental and sustainability measures. The property underwent significant renovations in 2017 and now includes a new Gensler-designed lobby, updated elevators and storefronts, improved HVAC, security and electrical systems.<\/p>\n\n\n\n<p>The 26-story building is on Billionaires\u2019 Row, 4 miles from Lower Manhattan, 5 miles from Financial District, 9 miles from Brooklyn, N.Y. and within 16 miles from JFK Airport. The high-rise also provides in-building access to the Columbus Circle subway station and to the Shops at Columbus Circle.<\/p>\n\n\n\n<p>Transwestern&#8217;s Senior Vice President Chase Gordon worked on behalf of the tenant. CBRE&#8217;s team comprised Vice Chairmen Paul Amrich and Neil King III, Senior Vice President Alexander Golod and First Vice President Anthony Manginelli. ESRT&#8217;s Vice President of Leasing Jordan Berger was also involved in negotiations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-recent-manhattan-deals\">Recent Manhattan deals<\/h2>\n\n\n\n<p>ESRT signed multiple tenants in 2023 at its Manhattan office properties: in July, global tech and management company <a href=\"https:\/\/www.commercialsearch.com\/news\/empire-state-building-scores-full-floor-tenant\/\">Capco relocated its New York City office <\/a>at the Empire State Building with a 26,620-square-foot lease. A month earlier, the landlord inked <a href=\"https:\/\/www.commercialsearch.com\/news\/skanska-aprio-sign-long-term-leases-at-empire-state-building\/\">two additional agreements <\/a>at the high-rise: Skanska signed a 25,057-square-foot relocation, while Aprio relocated its office by occupying 14,945 square feet at the property.<\/p>\n\n\n\n<p>In May, Rising Ground signed a 30-year, 29,531-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/empire-state-realty-inks-long-term-lease-in-midtown\/\">commitment at 1333 Broadway<\/a>, ESRT&#8217;s 362,531-square-foot mid-rise. The landlord is keeping its leasing momentum this year too: earlier in January, Greater New York Mutual Insurance Co. <a href=\"https:\/\/www.commercialsearch.com\/news\/esrt-inks-full-floor-lease-at-empire-state-building\/\">signed a 52,116-square-foot lease<\/a> at Empire State Building. The insurance company will occupy a full-floor at the 2.8 million-square-foot skyscraper.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transwestern represented the tenant.<\/p>\n","protected":false},"author":2991,"featured_media":1004701708,"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":[32789,34345,33313],"class_list":["post-1004701701","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-empire-state-realty-trust","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ESRT Signs Full-Floor Lease at Manhattan High-Rise - 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