Empire State Realty Trust Renews Pera Mediterranean Brasserie at One Grand Central Place
Empire State Realty Trust (NYSE: ESRT) announced the lease renewal of Pera Mediterranean Brasserie at One Grand Central Place. This critically acclaimed restaurant is noted for its upscale Eastern Mediterranean cuisine, enhancing the appeal for tenants and visitors alike. The deal reflects the ongoing partnership during challenging times for the restaurant sector, showcasing innovative solutions by ESRT. As of September 30, 2020, ESRT's real estate portfolio includes approximately 10.1 million rentable square feet across office and retail properties, with a strong focus on sustainability.
- Pera Mediterranean Brasserie renewed its lease, securing a reputable tenant.
- ESRT's portfolio includes 10.1 million rentable square feet, indicating substantial market presence.
- The lease renewal highlights ESRT's adaptability and support for tenants amidst industry challenges.
- None.
NEW YORK, Jan. 26, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Pera Mediterranean Brasserie, the critically acclaimed restaurant from BK Restaurant Partners, has renewed its lease at One Grand Central Place.
"Pera Mediterranean Brasserie provides the tenants of One Grand Central Place with an upscale eastern Mediterranean restaurant experience," said Fred C. Posniak, Senior Vice President, Leasing, for ESRT. "Whether it's for a business lunch or casual dinner, our tenants and locals love Pera's food and service."
"As everyone knows, it has been a very difficult time for restaurants, and we were thrilled to work with such an innovative and forward-thinking landlord like ESRT to structure a deal that worked for all parties," said Burak Karacam, Managing Partner, Pera Mediterranean Brasserie.
Pera was represented by Bert Rosenblatt of Vicus Partners, LLC. Landlord representation was provided by Fred C. Posniak of ESRT.
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." The company's office and retail portfolio covers 10.1 million rentable square feet, as of Sept. 30, 2020, which consists of 9.4 million rentable square feet across 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; as well as approximately 700,000 rentable square feet in the retail portfolio.
Empire State Realty Trust is a leader in energy efficiency in the built environment and sustainability, with 76 percent of the eligible portfolio ENERGY STAR certified. As the first commercial real estate portfolio in the U.S. to achieve the evidence-based, third-party verified WELL Health-Safety Rating for health and safety, ESRT additionally earned the highest possible GRESB 5 Star Rating and Green Star recognition for sustainability performance in real estate and was named a Fitwel Champion for healthy, high-performance buildings. To learn more about Empire State Realty Trust, visit empirestaterealtytrust.com and follow 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, 2019 and Quarterly Report on Form 10-Q for the quarter ended September 30, 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.
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SOURCE Empire State Realty Trust, Inc.
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