UNITED RENTALS INC. SIGNS FULL-FLOOR LEASE WITH EMPIRE STATE REALTY TRUST AT FIRST STAMFORD PLACE
Empire State Realty Trust (NYSE: ESRT) has secured a direct lease agreement with United Rentals Inc. for a full-floor, 51,194 square foot space at 100 First Stamford Place. This award-winning office campus, totaling 776,397 rentable square feet, is strategically located near the Stamford Transportation Center and I-95. Recent upgrades include enhanced amenities like fitness centers and improved air quality measures. The lease strengthens ESRT’s portfolio in Connecticut's business district, providing competitive offerings for tenant recruitment.
- Secured a direct lease with United Rentals for 51,194 sq ft, enhancing portfolio stability.
- Located in a prime business area with 776,397 rentable square feet in First Stamford Place.
- Recent property upgrades improve tenant attraction and retention, including fitness and conference centers.
- Strong indoor environmental quality measures, ensuring tenant health and safety.
- None.
NEW YORK, Jan. 5, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that United Rentals Inc., the world's largest equipment rental company, has signed a new direct lease with ESRT for its full-floor, 51,194 square foot space, which it previously subleased, at 100 First Stamford Place.
Located in one of Connecticut's premier business districts, the award-winning office campus at First Stamford Place consists of 776,397 rentable square feet within three buildings. The complex is conveniently located near the Stamford Transportation Center (STC) and I-95's Exit 7.
Recent upgrades include new fitness and conference centers, new dining and a new coffee lounge, renovated lobbies, on-site daycare, beautifully landscaped grounds, covered parking, shuttle to the Stamford Transportation Center, and an on-site car wash.
"Food, fitness, day care, and spaces for social connection are all right here at First Stamford Place," said Jeff Newman, senior vice president at Empire State Realty Trust. "The property serves as the ideal location for companies to recruit and retain employees from across the tri-state area."
Tenants benefit from ESRT's industry-leading indoor environmental quality measures that include MERV 13 filters, active bi-polar ionization, and increased air filtration for clean, healthy air and a confident return to office.
Ted Uzelac and Chris Armstrong of Fischer Company represented United Rentals, Inc. in the lease negotiations. Landlord representation was provided by Jeffrey H. Newman, and Kimberly A. Zaccagnino of ESRT, and James Ritman, Torey Walsh, Greg Frisoli, and Janey Steinmetz of Newmark. Legal representation for ESRT was provided by David Bleckner, Esq. of Lester, Bleckner, & Shaw LLP.
More information about First Stamford Place can be found online.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office and retail assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. 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 Dec. 31, 2021, ESRT's portfolio is comprised of 9.4 million rentable square feet of office space, and approximately 700,000 rentable square feet of retail space. 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, 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.
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