ESRT Welcomes Calzedonia to Retail Roster at 1333 Broadway

Rhea-AI Summary

Empire State Realty Trust (NYSE: ESRT) announced the addition of Calzedonia USA, an Italian legwear and beachwear brand, to its retail portfolio at 1333 Broadway. This new lease, covering 902 square feet, completes the full leasing of all retail spaces at the location. Positioned on the Broadway pedestrian plaza, 1333 Broadway benefits from significant foot traffic and is accessible to major transport hubs. This development underscores ESRT's strategy of attracting high-quality tenants to its well-located retail spaces.

Positive

• Calzedonia USA lease adds a reputable brand to ESRT's portfolio.
• All retail spaces at 1333 Broadway are now fully leased.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it welcomed Italian legwear and beachwear brand Calzedonia USA, Inc. to its retail roster at 1333 Broadway. With this new 902 square foot lease, all retail spaces at 1333 Broadway are now fully leased.

ESRT Welcomes Calzedonia to Retail Roster at 1333 Broadway (Photo: Business Wire)

Calzedonia will join Urban Outfitters, Dr. Martens, and Shake Shack in this prime retail location. Located along the Broadway pedestrian plaza, 1333 Broadway benefits from prime foot traffic and convenient access to major transportation hubs.

“Our well-located retail spaces continue to attract high-quality tenants who recognize the opportunity to thrive at ESRT properties,” said Fred C. Posniak, SVP, leasing at Empire State Realty Trust. “The Calzedonia brand is a great addition to our portfolio.”

Alex Manopla of Kassin Sabbagh Realty represented Calzedonia in the lease negotiations. Fred C. Posniak of ESRT and Andrew Mandell, Morgan Singer and Sam Matorella of RIPCO represented the property owner.

More information about 1333 Broadway, and current availability, can be found online.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the Empire State Building, the World's Most Famous Building, and Tripadvisor's 2022 Travelers' Choice Best of the Best Awards #1 attraction in the U.S. and #3 attraction in the world, the newly reimagined and iconic Empire State Building Observatory. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of September 30, 2022, ESRT's portfolio is comprised of approximately 9.2 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 residential units across two multifamily properties. More information about Empire State Realty Trust can be found at esrtreit.com and by following 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, 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.

Source: Empire State Realty Trust
Category: Leasing

View source version on businesswire.com: https://www.businesswire.com/news/home/20230105005908/en/

Empire State Realty Trust

Brock Talbot

347-804-7863

btalbot@esrtreit.com

Source: Empire State Realty Trust

FAQ

What new tenant has Empire State Realty Trust added to 1333 Broadway?

Empire State Realty Trust has added Calzedonia USA, an Italian legwear and beachwear brand, as a new tenant at 1333 Broadway.

How large is Calzedonia USA's lease at 1333 Broadway?

Calzedonia USA's lease at 1333 Broadway covers an area of 902 square feet.

Is 1333 Broadway fully leased?

Yes, all retail spaces at 1333 Broadway are now fully leased after the addition of Calzedonia USA.

What are the benefits of the location of 1333 Broadway?

1333 Broadway benefits from prime foot traffic and convenient access to major transportation hubs.

Which other brands are present at 1333 Broadway?

Other brands at 1333 Broadway include Urban Outfitters, Dr. Martens, and Shake Shack.