CLARINS USA, INC. SIGNS NEW FULL-FLOOR LEASE WITH EMPIRE STATE REALTY TRUST AT 1400 BROADWAY
Empire State Realty Trust (NYSE: ESRT) announced that Clarins USA signed a new lease for a 15,109 square foot space at 1400 Broadway, enhancing the building's tenant portfolio. Clarins aims to create an energy-efficient headquarters that promotes collaboration and aligns with its corporate values. The building, part of ESRT's modernized portfolio, features enhanced amenities and superior indoor air quality. ESRT continues to attract high-quality tenants, showcasing its leadership in energy efficiency and environmental quality.
- Clarins USA signed a lease for 15,109 square feet at 1400 Broadway, indicating strong tenant demand.
- ESRT's buildings are fully modernized and amenitized for 21st-century needs.
- The lease enhances ESRT's appeal as a landlord focused on energy efficiency and tenant satisfaction.
- None.
NEW YORK, Jan. 5, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that Clarins USA, Inc., a plant-based, French prestige skincare company, has signed a new lease with ESRT for a full-floor, 15,109 square foot space at 1400 Broadway.
Located along the improved Broadway Pedestrian Plaza, 1400 Broadway provides easy access to transportation, dining, lodging, and entertainment for tenant enjoyment. Clarins will join Signature Bank, IPG and Burlington Coat Factory, who have all expanded their presence in the 37-story building.
"We have made the decision to relocate our New York Headquarters Office to 1400 Broadway, to be in a more energy-efficient building that aligns with our corporate responsibility values," said Lionel Uzan, president of Clarins North America. "We intend to design a modern and versatile work environment to reflect the new needs of a mobile and agile workforce to foster collaboration, creativity, and social interactions, all in a more centrally-located area."
ESRT continues to attract high-quality tenants with spaces and buildings fully modernized and amenitized for the 21st century.
"We see a real flight to quality by tenants who recognize the value of our offer. Clarins' employees will enjoy a spectacular new tenant lounge and in-building food options and will benefit from ESRT's leadership in energy efficiency and superior indoor environmental quality," said Thomas P. Durels, executive vice president, real state at ESRT.
All ESRT buildings are equipped with industry-leading energy efficiency and indoor environmental quality measures which include MERV 13 filters and active bi-polar ionization. ESRT is committed to healthy buildings and confident return to office practices with frequent cleaning of public spaces and compliance with state and federal guidelines.
Tenant representation was provided by Scott Weiss of Savills. Representation for the property owner was provided by Ryan Kass of ESRT, and Scott J. Klau, Erik S. Harris, and Neil L. Rubin of Newmark.
More information about 1400 Broadway, and current availabilities, can be found online.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office and retail assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of 9.4 million rentable square feet of office space, and approximately 700,000 rentable square feet of retail space. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, Twitter and LinkedIn.
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 words such as "assumes," "believes," "estimates," "expects," "intends," "plans," "projects" or the negative of these words 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 ESRT's control and could materially affect actual results, performance or achievements. Such factors and risks include, without limitation, the current public health crisis and economic disruption from the COVID-19 pandemic, 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 and ESROP's filings with the SEC, including those set forth in each of ESRT's and ESROP's Annual Report on Form 10-K for the year ended December 31, 2020, under the heading "Risk Factors". Except as may be required by law, ESRT and ESROP do not undertake a duty to update any forward-looking statement, whether as a result of new information, future events or otherwise.
About Clarins
Founded in a professional Parisian beauty institute by Jacques Courtin-Clarins in 1954, Clarins has become the #1 prestige skincare brand in Europe. More than 65 years later, the brand remains family-owned and is distributed in more than 140 countries—offering skincare innovations for face and body, men's and makeup. With unique expertise in Phyto-chemistry, Clarins Laboratories are considered pioneers in the fields of plant science and technology. The brand values are rooted in an ongoing dialogue with women, an abiding respect for nature and people, and commitments to sustainable sourcing, including Le Domaine Clarins—our organic farm and open-air laboratory in the French Alps. Clarins is accelerating its sustainable actions to become a Certified B Corporation by 2023. Currently carbon neutral the company will further reduce its carbon footprint by
*B Corp: founded in 2006 in the USA, a body that brings together companies wishing to affirm or reaffirm their societal mission and demonstrate their positive impact via global performance assessment every 3 years.
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SOURCE Empire State Realty Trust, Inc.
