High-rise commercial buildings

Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + Midtown New York  + Office  | 

Gerson Lehman Renews, Workday Expands with ESRT in Midtown

Empire State Realty Trust (ESRT) announced two office leases totaling nearly 120,000 square feet at its office properties in Midtown Manhattan. Gerson Lehman Group, Inc. (GLG), a financial and global information services consulting company, renewed its two-floor, 77,382-square-foot lease at One Grand Central Place, while AI-based HR platform Workday renewed and expanded to 39,069 square feet at the Empire State Building. 

Both companies are longtime ESRT tenants. GLG moved into One Grand Central Place at 60 E. 42nd St. in 2013; Workday leased its first prebuilt suite there in 2015 before moving to the Empire State at 350 Fifth Ave.

TJ Hochanadel, Robert Martin, Dan Santagata and Paul Kauffman of JLL represented GLG in leasing negotiations. Jordan Berger, Shanae Ursini and Kerry Lavelle of ESRT and Scott Klau, William Cohen, Erik Harris, and Neil Rubin of Newmark represented the landlord.

In the Workday deal, Harry Blair, Rob Lowe and Paige Engeldrum of Cushman & Wakefield represented the tenant. Berger, Ursini and Lavelle again represented ownership.

Connect

Inside The Story

ESRT

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Lease