Empire State Realty Trust Expands ClearView Healthcare Partners at 111 West 33rd Street
Empire State Realty Trust (NYSE: ESRT) has secured an eleven-year lease with ClearView Healthcare Partners for 39,067 square feet at 111 West 33rd Street, recapturing space from a previous tenant. This lease reflects ClearView's expansion from their existing 10,539 square feet. ESRT's portfolio is the first in North America to achieve the WELL Health-Safety Rating, underscoring its commitment to indoor environmental quality. As of September 30, 2020, ESRT's portfolio totals 10.1 million rentable square feet, including 9.4 million square feet across 14 office properties.
- Secured a long-term lease with ClearView Healthcare Partners for 39,067 square feet, enhancing cash flow stability.
- Reputation as a leader in health-safety and sustainability highlighted by the WELL Health-Safety Rating.
- The GRESB 5 Star Rating and Green Star recognition demonstrate strong sustainability performance.
- None.
NEW YORK, Dec. 17, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that ClearView Healthcare Partners, a global strategy firm with consultants who serve the life science sector, signed a new eleven-year lease at 111 West 33rd Street for 39,067 square feet. The space was recaptured by ESRT from a prior tenant and fulfills the expansion needs of ClearView Healthcare Partners, who currently occupy 10,539 square feet at the property.
"It is great to expand an excellent tenant, ClearView Healthcare Partners, at 111 West 33rd Street," said Thomas Durels, EVP, Real Estate. "ClearView knows that they can return to the office with confidence with ESRT's leadership in Indoor Environmental Quality. ESRT's portfolio is the first in North America to be certified under the WELL Health-Safety Rating, in addition to our advanced health and safety protocols and energy efficiency leadership."
David Stockel and Brian Mackenzie from CBRE, Inc. represented ClearView Healthcare Partners in the deal. Keith Cody provided landlord representation from ESRT with Scott J. Klau, Erik S. Harris, and Neil L. Rubin from Newmark Knight Frank.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) 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." ESRT is a leader in energy efficiency in the built environment and sustainability and is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating, an evidence-based, third-party verified rating for all facility types, focused on operational policies, maintenance protocols, emergency plans and stakeholder education to address a COVID-19 environment now and broader health and safety-related issues into the future.
In its first year of submission, ESRT has earned the highest possible GRESB 5 Star Rating and Green Star recognition, and score of 88, in the 2020 GRESB Real Estate Assessment, an achievement that places ESRT in the top
The Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, 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 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, 2019, 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.
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SOURCE Empire State Realty Trust, Inc.
FAQ
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