Empire State Realty Trust Signs Le Cafe Coffee To 250 West 57th Street
Empire State Realty Trust (NYSE: ESRT) has signed a lease with Le Café Coffee for an 879 square foot space at 250 West 57th Street, enhancing its retail offerings. Located near notable retailers and the Turnstyle Underground Market, this addition is expected to benefit office tenants as well. Le Café Coffee emphasizes quality with unique beans sourced from Colombia, Ethiopia, and Brazil, aligning with ESRT's standards of excellence. As of June 30, 2021, ESRT's portfolio includes 10.1 million rentable square feet across Manhattan and surrounding areas.
- Le Café Coffee lease increases retail variety at 250 West 57th Street.
- The venue's location enhances foot traffic and benefits office tenants.
- Partnership reflects ESRT's commitment to quality retailers.
- None.
NEW YORK, Sept. 28, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Le Café Coffee, a specialty crafted coffee shop with traditional pastries and artisanal healthy foods, has signed a new lease with ESRT for an 879 square foot space at 250 West 57th Street.
"Le Café is proud to maintain the highest standard in coffee selection with unique beans from Colombia, Ethiopia, and Brazil," said Raphael Sakr, founder and CEO of Le Café Coffee. "Passion, integrity, commitment, and outstanding quality are at the core of our brand, and we are happy to partner with a landlord like ESRT who upholds these same values."
Le Café Coffee will join notable retailers like HSBC Bank, Bank of America, AT&T, and T.J. Maxx. Located on Billionaire's Row immediately opposite Nordstrom, 250 West 57th Street has in-building access to the Turnstyle Underground Market at Columbus Circle, with plenty of nearby dining, lodging, and shopping.
"Le Café is an excellent addition to our roster of retailers and will provide a nice amenity for our office tenants at 250 West 57th Street," said Fred C. Posniak, senior vice president, leasing at ESRT.
Yoel Gorjian from Winick Realty Group represented Le Café Coffee in the lease negotiation. Landlord representation was provided by Fred C. Posniak of ESRT, and Andrew Mandell, Richard Skulnik, Beth Rosen, and Gene Spiegelman of RIPCO.
More information about the building, as well as current availability, can be found online.
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 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021, 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.
