Empire State Realty Trust Signs Argo Group At 501 Seventh Avenue
Empire State Realty Trust (NYSE: ESRT) has signed a new lease with Argo Group for a 30,002 square foot office at 501 Seventh Avenue. This location offers employees easy access to major transport links. The building is equipped with MERV 13 filters, bi-polar ionization, and increased ventilation for health safety. This addition enhances the tenant roster, which includes notable names like Captivate and PVH. Empire State Realty Trust operates a strong portfolio of office and retail properties, totaling 10.1 million rentable square feet.
- New lease signed with Argo Group for 30,002 square feet, enhancing tenant diversity.
- Location offers strategic access to major transport hubs increasing attractiveness for tenants.
- Health-focused building features such as MERV 13 filters and bi-polar ionization improve tenant well-being.
- Strong portfolio management with 10.1 million rentable square feet in Manhattan and surrounding areas.
- None.
NEW YORK, Oct. 27, 2021 /PRNewswire/ -- Empire State Realty Trust (NYSE: ESRT) announced today that Argo Group, an international specialty insurance provider, has signed a new lease with ESRT for a full-floor, 30,002 square foot office space at 501 Seventh Avenue.
At the corner of 37th Street and Seventh Avenue, 501 Seventh Avenue provides tenants with convenient access to Penn Station, Grand Central Terminal, subway lines, and nearby shopping, dining, and lodging. The building's tenant roster includes Captivate and PVH.
"Argo Group employees will have peace of mind in a healthy building equipped with MERV 13 filters, active bi-polar ionization, and increased ventilation as they join our tenant roster at 501 Seventh Avenue," said Thomas P. Durels, executive vice president, real estate for ESRT.
Owen Hane and Kevin Duffy of JLL represented Argo Group at signing. Property owner representation was provided by Keith Cody and Ryan Kass of ESRT, and Ron Lo Russo, Patrick Murphy, Pierce Hance, Heather Thomas, and Will Yeatman of Cushman & Wakefield.
For more information about 501 Seventh Avenue and current availabilities, please visit the ESRT website.
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 June 30, 2021, 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 space, with 76 percent of the eligible portfolio ENERGY STAR certified and 100 percent fully powered by renewable wind electricity. As the first commercial real estate portfolio in the Americas 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 esrtreit.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, 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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