Markets Wired

NEW YORK, Oct. 9, 2019 /PRNewswire/ — Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that LinkedIn has signed its eighth expansion lease at the Empire State Building, adding three and a half floors and 188,653 square feet to its current campus. Since 2011, LinkedIn has grown to 501,600 square feet in total at the World’s Most Famous Building.

“LinkedIn has created an exceptional environment that reflects its unique culture and brand in the Empire State Building. In addition to its expansion on the 24^th floor, we were able to arrange an early recapture of space from an existing tenant, and that made available three floors to accommodate LinkedIn’s additional growth within the Empire State Building’s Urban Campus,” said Thomas P. Durels, Executive Vice President, Real Estate, for ESRT. “LinkedIn enjoys the benefits of the Empire State Building’s unique combination of amenities, including the tenant-only fitness center and a variety of in-building dining options, along with ESRT’s ability to generate flexibility for growth.”

Sacha Zarba, Lauren Crowley Corrinet, and Chris Hogan of CBRE, Inc. represented LinkedIn. Landlord representation was provided by Ryan Kass and Shanae Ursini from ESRT.

About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the “World’s Most Famous Building.” Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.1 million rentable square feet, as of June 30, 2019, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.

Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by use of the words “assumes,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects” and similar expressions that do not relate to historical matters. You should exercise caution in relying on forward-looking statements, because they involve risks, uncertainties and other factors which are, in some cases, beyond ESRT’s control and could materially affect actual results. Such factors and risks include, without limitation, a failure of conditions or performance regarding any event or transaction described above, regulatory changes, and other risks and uncertainties described from time to time in ESRT’s filings with the SEC. Except as may be required by law, ESRT does not undertake a duty to update any forward-looking statement.

SOURCE Empire State Realty Trust, Inc.

Related Links

http://www.esbnyc.com