Empire State Realty Trust, Inc. (NYSE: ESRT) announced today it has signed a new long-term office lease with Burlington Stores that doubles the company’s footprint at 1400 Broadway from 35,182 to 68,307 square feet. Burlington Stores is a nationally recognized off-price retailer with great values on a wide assortment of merchandise.
“We value our long-standing relationship with ESRT and are pleased to be able to expand our footprint with an additional floor at 1400 Broadway in New York City,” stated Gayle Aertker, EVP Store Development, Burlington Stores. “As Burlington continues to grow and as we execute on our Burlington 2.0 Initiatives, we appreciate ESRT’s partnership, allowing us to invest further in our Merchandising team.”
1400 Broadway comprises 37 floors and 935,401 rentable square feet at a prime location steps from Herald Square with easy access to transportation, dining, and entertainment. The building boasts a brand-new tenant lounge with the latest in IEQ technologies, new MERV-13 filters and industry-leading AtmosAir bi-polar ionization to provide superior indoor environmental quality. Burlington has been a tenant of the building since 2010. Other tenants of 1400 Broadway include Interpublic Group of Companies, Fragomen, and Signature Bank.
“We are pleased to further our relationship with Burlington Stores and help facilitate their continued growth,” said Thomas P. Durels, executive vice president, real estate, for ESRT. “Tenants choose ESRT because of our leadership in healthy buildings, sustainability, and energy efficiency. With our recent WELL Health-Safety Rating, Fitwel certification, and 5 Star rating from GRESB, our tenants’ employees can confidently return to the office.”
Tenant representation was provided by Alan Desino of Colliers International. Landlord representation was by Keith Cody of ESRT, along with Scott J. Klau, Erik S. Harris, and Neil L. Rubin of Newmark Knight Frank. Additional information about current leasing availabilities at 1400 Broadway can be found online.