Empire State Realty Trust Welcomes Mt. Sinai's Corporate Offices to 250 West 57th Street

NEW YORK, Feb. 17, 2017 /PRNewswire/ -- Empire State Realty Trust (NYSE: ESRT) has signed a 26,100 sq. ft. full-floor office lease with Mount Sinai.  The long-term lease at 250 West 57^th Street will be home to Mount Sinai's corporate executive offices.

ESRT's 250 West 57th Street has undergone extensive building renovations.  A new Gensler-designed lobby will soon be unveiled, following the new building entrance and retail storefronts, much of which is complete and visible already. Modernization of the building's elevator system and new elevator cabs will be done later this year.

"Mount Sinai is our third full-floor transaction since announcing redevelopment plans," said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT.  "They join a quality tenant roster, including COOKFOX Architects and GuildNet."

Chris Mongeluzo of Newmark Grubb Knight Frank represented Mount Sinai in the lease negotiations.  Landlord representation was provided by Keith Cody of ESRT, along with Harry Blair and Sean Kearns of Cushman and Wakefield. 

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.