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Bloomsbury Publishing, Inc. Signs 24k Square Foot Office Lease with ESRT at 1359 Broadway

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Empire State Realty Trust (ESRT) announced that Bloomsbury Publishing has signed a new 24,209 square foot lease for office space at 1359 Broadway. The property, located in the Broadway Pedestrian Plaza, offers modern amenities including a 170+ person tenant lounge, access to a future rooftop lounge, and proximity to major transportation. Bloomsbury's president, Sabrina McCarthy, cited the building's modern look, security, sunlight, and customized space as key factors in their decision. The publishing house, known for the Harry Potter series, was previously a tenant at 1400 Broadway.

Empire State Realty Trust (ESRT) ha annunciato che Bloomsbury Publishing ha firmato un nuovo contratto di locazione di 24.209 piedi quadrati per uno spazio ufficio al 1359 Broadway. La proprietà, situata nella Broadway Pedestrian Plaza, offre servizi moderni tra cui un lounge per inquilini con oltre 170 posti, accesso a un futuro lounge sul tetto e vicinanza ai principali mezzi di trasporto. La presidente di Bloomsbury, Sabrina McCarthy, ha citato l'aspetto moderno dell'edificio, la sicurezza, la luce solare e gli spazi personalizzati come fattori chiave nella loro decisione. La casa editrice, nota per la serie di Harry Potter, era in precedenza un inquilino al 1400 Broadway.

Empire State Realty Trust (ESRT) anunció que Bloomsbury Publishing ha firmado un nuevo contrato de arrendamiento de 24.209 pies cuadrados para un espacio de oficina en 1359 Broadway. La propiedad, ubicada en la Plaza Peatonal de Broadway, ofrece comodidades modernas, incluyendo un salón para inquilinos con capacidad para más de 170 personas, acceso a un futuro salón en la azotea y proximidad a los principales medios de transporte. La presidenta de Bloomsbury, Sabrina McCarthy, mencionó el aspecto moderno del edificio, la seguridad, la luz solar y los espacios personalizados como factores clave en su decisión. La editorial, conocida por la serie de Harry Potter, era anteriormente inquilina en 1400 Broadway.

엠파이어 스테이트 리얼티 트러스트 (ESRT)블룸즈버리 출판사24,209 평방피트의 사무실 임대 계약1359 브로드웨이에 체결했다고 발표했습니다. 이 부동산은 브로드웨이 보행자 광장에 위치하고 있으며, 170명 이상의 입주자 라운지, 향후 옥상 라운지 접근, 주요 교통수단과의 근접성 등 현대적인 편의 시설을 제공합니다. 블룸즈버리의 사장, 사브리나 맥카시(Sabrina McCarthy)는 본 건물의 현대적인 외관, 보안, 햇빛, 맞춤형 공간을 의사 결정의 주요 요소로 언급했습니다. 해리 포터 시리즈로 알려진 이 출판사는 이전에 1400 브로드웨이에 입주해 있었습니다.

Empire State Realty Trust (ESRT) a annoncé que Bloomsbury Publishing a signé un nouveau bail de 24 209 pieds carrés pour un espace de bureau au 1359 Broadway. La propriété, située dans la Plaza piétonne de Broadway, offre des commodités modernes, y compris un salon pour les locataires de plus de 170 personnes, l'accès à un futur salon sur le toit et la proximité des principaux moyens de transport. La présidente de Bloomsbury, Sabrina McCarthy, a cité l'aspect moderne du bâtiment, la sécurité, la lumière du soleil et l'espace personnalisé comme des facteurs clés dans leur décision. La maison d'édition, connue pour la série Harry Potter, était auparavant locataire au 1400 Broadway.

Empire State Realty Trust (ESRT) hat bekannt gegeben, dass Bloomsbury Publishing einen neuen 24.209 Quadratfuß großen Mietvertrag für Büroflächen in 1359 Broadway unterzeichnet hat. Die Immobilie, die sich in der Broadway-Pedestrian-Plaza befindet, bietet moderne Annehmlichkeiten, darunter eine Lounge für mehr als 170 Mieter, Zugang zu einer zukünftigen Dachlounge und die Nähe zu wichtigen Verkehrsanbindungen. Die Präsidentin von Bloomsbury, Sabrina McCarthy, nannte das moderne Erscheinungsbild des Gebäudes, Sicherheit, Sonnenlicht und individuell gestaltete Räume als entscheidende Faktoren für ihre Entscheidung. Das Verlagsunternehmen, das vor allem für die Harry-Potter-Serie bekannt ist, war zuvor Mieter in 1400 Broadway.

Positive
  • Secured new 24,209 square foot office lease with established publishing company
  • Retention of tenant within ESRT portfolio (relocated from 1400 Broadway)
  • Property demonstrates ability to attract and retain quality tenants
Negative
  • None.

Insights

A notable lease agreement for 24,209 square feet at 1359 Broadway strengthens ESRT's portfolio with a high-quality tenant. Bloomsbury Publishing's commitment validates ESRT's strategy of modernizing properties and offering premium amenities. The building's Broadway Campus features, including the new tenant lounge and upcoming rooftop space, demonstrate ESRT's focus on creating value through property improvements.

The deal highlights ESRT's ability to attract and retain quality tenants in the competitive Manhattan office market. Bloomsbury's return to an ESRT property, driven by previous positive experience, suggests strong tenant satisfaction and effective property management. This lease contributes to stabilizing occupancy rates and maintaining steady cash flow, though specific financial terms weren't disclosed.

NEW YORK--(BUSINESS WIRE)-- Empire State Realty Trust. Inc. announced today that Bloomsbury Publishing, Inc. – leading independent publishing house with notable works which include the “Harry Potter” and “Crescent City” series – signed a new 24,209 square foot lease for office space at 1359 Broadway.

(Photo: Business Wire)

(Photo: Business Wire)

“As a previous tenant of 1400 Broadway, I cannot wait to be back in an ESRT building with Bloomsbury Publishing,” said Sabrina McCarthy, president of Bloomsbury U.S. “ESRT was an incredible partner for my previous employer, and I am beyond thrilled that they found Bloomsbury a location that offers a modern look and feel, excellent building security, lots of sunlight, and a space built for our needs.”

Located in the heart of the Broadway Pedestrian Plaza, 1359 Broadway is fully modernized with convenient access to major transportation and subway lines, dining, and retail. Tenants of 1359 Broadway have access to ESRT’s Broadway Campus amenities which include a new 170+ person tenant lounge and all hands space at 1400 Broadway, and a rooftop lounge with prime views of the Empire State Building soon to come to 1333 Broadway.

“Companies like Bloomsbury Publishing understand the value of ESRT’s unbeatable locations, unparalleled service, excellent balance sheet, and top-tier amenities in employee attraction, satisfaction, and retention,” said Thomas P. Durels, executive vice president, leasing at Empire State Realty Trust. “Bloomsbury Publishing is a welcome addition to the excellent tenant roster at 1359 Broadway.”

Stephen Bellwood and Rachel Rosenfeld of Cushman & Wakefield represented Bloomsbury Publishing in the lease negotiations. Jordan Berger of ESRT and Paul J. Amrich, Neil V. King III, Emily Chabrier, and Meghan Allen of CBRE represented the property owner.

More information about 1359 Broadway, and current office availability, can be found online.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year – in Tripadvisor’s 2024 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is the recognized leader in energy efficiency and indoor environmental quality. As of September 30, 2024, ESRT’s portfolio is comprised of approximately 7.8 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 732 residential units. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X, and LinkedIn.

Forward-Looking Statements

This press release includes "forward looking statements" within the meaning of the federal securities laws. You can identify these statements by use of words such as "assumes," "believes," "estimates," "expects," "intends," "plans," "projects" or similar words or 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 the Company's control and could materially affect actual results, performance or achievements. These factors include, without limitation, the risks and uncertainties detailed from time to time in the Company’s filings with the SEC and any failure of the conditions or events cited in this release. Except as may be required by law, the Company does not undertake a duty to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Source: Empire State Realty Trust, Inc.
Category: Leasing

MEDIA:

Empire State Realty Trust

Jamie Steinberg

212-400-3339

jsteinberg@esrtreit.com

Source: Empire State Realty Trust, Inc.

FAQ

How many square feet did Bloomsbury Publishing lease at ESRT's 1359 Broadway?

Bloomsbury Publishing signed a lease for 24,209 square feet of office space at 1359 Broadway.

What amenities does ESRT offer tenants at 1359 Broadway?

ESRT offers Broadway Campus amenities including a 170+ person tenant lounge at 1400 Broadway and a future rooftop lounge at 1333 Broadway with Empire State Building views.

Was Bloomsbury Publishing previously an ESRT tenant?

Yes, Bloomsbury Publishing's president confirmed they were previously a tenant at ESRT's 1400 Broadway location.

EMPIRE STATE REALTY TRUST, INC.

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