New York & Tri-State + Office | May 3, 2021

ESRT Signs Two Office Tenants in Midtown

Empire State Realty Trust (ESRT) recently signed a new long-term office lease with Burlington Stores that nearly doubles the company’s footprint at 1400 Broadway from 35,182 to 68,307 square feet. The off-price retailer has been a tenant since 2010.

“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,” said Gayle Aertker, EVP store development, Burlington Stores.

Tenant representation was provided by Colliers’ Alan Desino. Landlord representation was by Keith Cody of ESRT, along with Newmark’s Scott J. Klau, Erik S. Harris, and Neil L. Rubin.

In another recent ESRT office lease, Zentalis Pharmaceuticals, Inc. signed a new lease for 31,362 square feet at nearby 1359 Broadway.

Justin Royce and Omar Sozkesen from Cushman & Wakefield represented Zentalis. Cody again represented ownership, whose best-known property, the Empire State Building, just turned 90.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).