Empire State Realty Trust Adds Full-Floor Tenant to First Stamford Place

NEW YORK, Jan. 27, 2017 /PRNewswire/ -- Empire State Realty Trust (NYSE: ESRT) has signed a long-term lease with Partner Reinsurance Company of the U.S. for a full-floor tenancy of 56,700 sq. ft. at 200 First Stamford Place.

PartnerRe is a leading international reinsurer, serving more than 2,000 clients in more than 150 countries, and is publicly traded on the NYSE. 

"Our tenant's decision to relocate from Greenwich Plaza was driven by First Stamford Place's immediate proximity to mass transit, its easy accessibility to I-95, and its wide array of campus amenities," said Jeffrey H. Newman, Senior Vice President of ESRT. "Another important component was the efficiency of the full-floor plate, allowing for optimal employee productivity." 

Edward Tonnessen of Jones Lang LaSalle represented PartnerRe in the lease negotiations.  Mr. Newman represented ESRT along with Senior Leasing Associate, Kimberly Zaccagnino, and Leasing Associate, Tara Long.

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 September 30, 2016, 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 707,000 rentable square feet in the retail portfolio.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our 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 interpreting and relying on forward-looking statements, because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond ESRT's control and could materially affect actual results, performance or achievements.  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, whether as a result of new information, future events or otherwise.

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SOURCE Empire State Realty Trust, Inc.