Empire State Realty Trust Signs New Leases for A Total of 49,999 Square Feet At One Grand Central Place
January 22, 2021 at 03:15 am IST
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Empire State Realty Trust, Inc. announced it has signed two new leases at One Grand Central Place. Belkin Burden Goldman, LLP, a real estate-focused law firm, signed a new lease for 30,598 square feet at One Grand Central Place. Jeffrey Peck, Daniel Horowitz, and Jacob Stern from Savills represented Belkin Burden Goldman, LLP in the lease negotiations. Dime Community Bank, a local New York City-based bank that has been in business for more than 150 years, signed a new lease for 19,401 square feet. Previously Dime Community Bank occupied a 3,643 square foot space at the property. Charlie Terrasi from Laterra Real Estate represented Dime Community Bank in the lease negotiations.
Empire State Realty Trust, Inc. is a real estate investment trust (REIT), which owns and operates a portfolio of office, retail and multifamily assets. The Companyâs portfolio consists of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units. Its office portfolio included 11 properties encompassing approximately 8.6 million rentable square feet. Nine of these office properties are located in midtown Manhattan and encompass approximately 7.6 million rentable square feet, including the Empire State Building. The Companyâs segments include Real Estate and an Observatory. Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its commercial and multifamily real estate assets, principally office assets, located in Manhattan. Observatory segment operates the 86th and 102nd floor observatories in the Empire State Building.
EMPIRE STATE REALTY TRUST, INC. 
