Empire State Realty Trust Leases over 85,000 Sq. Ft. to ASCAP at 250 West 57th Street

NEW YORK, Oct. 11, 2017 /PRNewswire/ -- Empire State Realty Trust (NYSE: ESRT) announced today that the American Society of Composers, Authors and Publishers (ASCAP), has signed an 85,400 sq. ft. long-term lease for four floors at 250 West 57^th Street.   

"ASCAP selected the completely redeveloped 250 West 57^th Street, with its new Gensler-designed lobby with cutting-edge technology, new street front and building entrance, new elevators and remarkably efficient full floors," said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT.  "ASCAP joins other full-floor tenants COOKFOX Architects, GuildNet and Mt. Sinai at this location. We are thrilled they chose 250 West 57^th Street for their new headquarters."

ASCAP is a professional membership organization of over 635,000 songwriters, composers and music publishers of every kind of music. ASCAP is home to some of the greatest names in music and is the world leader in performance royalties, advocacy, and career services for music creators.

Mary Ann Tighe, Ken Meyerson, Robert Hill and Brendan Herlihy of CBRE represented ASCAP in the lease negotiations. Landlord representation was provided by Keith Cody of ESRT, along with Cushman & Wakefield's Harry Blair, Sean Kearns and Heather Thomas.

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, 2017, 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.