Empire State Realty Trust Signs 80,900 Sq. Ft. at 111 West 33rd Street

NEW YORK, May 24, 2017 /PRNewswire/ -- Empire State Realty Trust (NYSE: ESRT) announces Gap Inc. has leased two full floors totaling 80,900 sq. ft. at 111 West 33^rd Street, home of ESRT's corporate headquarters.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands.

"We've had a great response from tenant prospects and touring brokers that have seen our new STUDIOS Architecture designed lobby and elevators at 111 West 33^rd Street," said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. "When initially viewing ESRT's headquarters space, Gap Inc. was impressed with the highly efficient side-core floor plates with radiant natural light and 111's immediate access to mass transit."

Eric Deutsch and Jared Freede of CBRE represented Gap Inc. in the lease negotiations.  Keith Cody represented ESRT in the above transaction, along with Scott Klau, Erik Harris and Neil Rubin of Newmark Grubb Knight Frank.

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 March 31, 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 708,000 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.

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SOURCE Empire State Realty Trust, Inc.