Burlington Stores, Inc. Expands by 34,591 Square Feet to Occupy a Total of 102,898 Square Feet at 1400 Broadway
PR97257
NEW YORK, July 29, 2022 /PRNewswire=KYODO JBN/ --
Empire State Realty Trust, Inc. ( https://www.esrtreit.com/ ) (NYSE: ESRT)
announced today that Burlington Stores, Inc. signed a full-floor expansion
lease for an additional 34,591 square feet of office space formerly under lease
to Uber. With this expansion, Burlington will occupy 102,898 square feet across
three full floors at 1400 Broadway.
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"We value our long-standing relationship with ESRT and are pleased to continue
to expand our footprint at 1400 Broadway in New York City," stated Gayle
Aertker, EVP store development, Burlington Stores. "As Burlington continues to
grow, we appreciate ESRT's partnership."
Located along the Broadway Pedestrian Plaza, 1400 Broadway provides convenient
access to nearby transportation, dining, lodging, and entertainment. Tenants
benefit from ESRT's leadership in energy efficiency and premier indoor
environmental quality – which includes MERV 13 filters and active bi-polar
ionization – as well as a tenants-only lounge and a new town hall assembly
space to be delivered late 2022.
"ESRT provides exceptional value in healthy, modernized, energy-efficient
spaces which retain high-quality tenants like Burlington," said Thomas P.
Durels, executive vice president, real estate at Empire State Realty Trust. "We
continue to benefit from the market's flight to quality with our premier
amenity-rich portfolio."
Alan Desino of Colliers International represented Burlington in the lease
negotiations. Scott Klau, Neil Rubin, and Erik Harris represented the property
owner.
More information about 1400 Broadway can be found online.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages
office, retail and multifamily assets in Manhattan and the greater New York
metropolitan area. ESRT owns the Empire State Building, the World's Most Famous
Building, and Tripadvisor's 2022 Travelers' Choice Best of the Best Awards #1
attraction in the U.S. and #3 attraction in the world, the newly reimagined and
iconic Empire State Building Observatory. The company is a leader in healthy
buildings, energy efficiency, and indoor environmental quality and has the
lowest greenhouse gas emissions per square foot of any publicly traded REIT
portfolio in New York City. As of June 30, 2022, ESRT's portfolio is comprised
of approximately 9.2 million rentable square feet of office space, 700,000
rentable square feet of retail space and 625 residential units across two
multifamily properties. More information about Empire State Realty Trust can
be found at esrtreit.com (https://c212.net/c/link/?t=0&l=en&o=3607238-1&h=3277611148&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com)
and by following ESRT on Facebook (https://c212.net/c/link/?t=0&l=en&o=3607238-1&h=2319445872&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), Instagram (https://c212.net/c/link/?t=0&l=en&o=3607238-1&h=663865698&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram),
Twitter (https://c212.net/c/link/?t=0&l=en&o=3607238-1&h=27299364&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and
SOURCE: Empire State Realty Trust, Inc.
CONTACT: Empire State Realty Trust, Brock Talbot, 347-804-7863,
btalbot@esrtreit.com
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