Empire State Realty Trust Signs 63,000 Square Feet Lease In Stamford, CT
Empire State Realty Trust (NYSE: ESRT) has secured a new lease with Berkley Insurance Company for 63,173 square feet at Metro Center, Stamford, CT, lasting until 2033. This prestigious tenant, rated A+ by Standard & Poors and A.M. Best, will occupy 1.5 floors of the renovated 285,258 square foot property. Notable amenities include a new lobby, gym, and coffee shop. The deal marks a significant addition to a tenant roster that includes leading financial firms. ESRT continues to manage a substantial portfolio of properties across Manhattan and the New York metropolitan area.
- Secured a long-term lease with Berkley Insurance Company through 2033.
- Berkley Insurance Company's A+ ratings indicate financial stability.
- Metro Center boasts modern amenities, enhancing tenant attraction.
- Expands prestigious tenant roster, highlighting ESRT's market position.
- None.
NEW YORK, Sept. 16, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Berkley Insurance Company (BIC), a subsidiary of W. R. Berkley Corporation, a Fortune 500 company, has signed a new lease through 2033 for 63,173 square feet at Metro Center, in Stamford, Connecticut. BIC, A+ rated by both Standard & Poors and A.M. Best, will occupy 1.5 floors in ESRT's suburban 285,258 square feet flagship property, located at I-95's exit 7, at the Stamford Transportation Center.
"We are thrilled to welcome Berkley Insurance Company to Metro Center," said Jeffrey H. Newman, Senior Vice President for ESRT. "The company will enjoy our new and recently renovated lobby, tenants-only gym, and coffee shop. We look forward to a long-standing relationship with Berkley."
The tenant was represented by Belinda W. Scanlon, Managing Director of Bernard Realty, while ESRT's Metro Center leasing agency team of Newmark Knight Frank, led by Managing Director James Ritman, joined Mr. Newman in representing ESRT.
The prestigious tenant roster at Metro Center includes Capstone Investment Advisors, Columbus Circle Investors, Exoduspoint Capital Management, Heidrick & Struggles, H.I.G., JLL, Jefferies & Company, Olympus Growth Fund, Palladium Capital Management, Refinitiv, Tweedy, Browne Company and Zimmer US, Inc.
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 June 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.
View original content to download multimedia:http://www.prnewswire.com/news-releases/empire-state-realty-trust-signs-63-000-square-feet-lease-in-stamford-ct-301131701.html
SOURCE Empire State Realty Trust, Inc.
FAQ
What is the new lease signed by Empire State Realty Trust (ESRT)?
How long is the lease with Berkley Insurance at Metro Center?
What are the significant ratings of Berkley Insurance Company?
What notable features does Metro Center offer to tenants?
Which companies are tenants at Metro Center?
