Empire State Realty Trust Expands Partnership with Signature Bank at 1400 Broadway

NEW YORK, Nov. 26, 2018 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today Signature Bank signed a full-floor expansion lease for an additional 20,691 sq. ft. on the 26^th floor at 1400 Broadway. 

Earlier this fall, Signature Bank signed a 91,181 sq. ft. full floor lease for the 6^th, 7^th, and 27^th floors. Now, with the 26^th-floor lease, Signature Bank's square footage at 1400 Broadway totals 111,872 sq. ft.

"With an expansion only two months after they signed a lease for three full floors at 1400 Broadway, Signature Bank becomes the 155^th tenant, totaling more than one million square feet, to expand with ESRT since our IPO in 2013," said Thomas P. Durels, Executive Vice President, Real Estate, for ESRT. "1400 Broadway is fully modernized and is a great choice for any office tenant desiring the convenience of Times Square South, which offers easy access to transportation and neighborhood food and shops."

Andrew Roos, Michael Cohen and Howard Kaplowitz of Colliers International represented Signature Bank in the lease negotiations. Landlord representation was provided by Keith Cody and Leslie Nadel of ESRT, along with Newmark Knight Frank'sScott Klau, Erik Harris, and Neil Rubin.

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, 2018, 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.

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SOURCE Empire State Realty Trust, Inc.