Empire State Realty Trust Renews Lease with World-Leading Reinsurer

NEW YORK, Nov. 13, 2017 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it has renewed Odyssey Reinsurance Company's 89,000 sq. ft. headquarters lease at First Stamford Place in Stamford, CT.

"Odyssey's renewal is a strong affirmation of First Stamford Place's appeal," said Jeffrey H. Newman, Senior Vice President of ESRT.  "Odyssey Reinsurance continues to value First Stamford Place's campus amenities, services and proximity to mass transit."

OdysseyRe is one of the world's leading providers of reinsurance and specialty insurance.  In addition to its Stamford headquarters, the company has over 30 offices located in 13 countries and writes business in more than 100 territories around the world.  Its longevity dates back to 1900, spanning more than a century in business.

Patrick Murphy (now with Cushman & Wakefield) and Doug Lehman, Peter Gamber and Colin Reilly of CBRE and represented Odyssey Reinsurance in the lease negotiations.  Mr. Newman represented ESRT, along with Assistant Vice President Kimberly Zaccagnino and Senior 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, 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.