Nestle’s Nespresso unit is relocating its North American headquarters to 41,800 square feet at Empire State Realty Trust’s 111 W. 33rd St. The maker of coffee and expresso machines currently has New York offices at 101 Park Ave. and in Long Island City.
“Nespresso’s new fifth-floor home will have an efficient floor plate and a beautiful outdoor terrace at 111 W. 33rd, where we have recently renovated the building’s lobby, elevators, and entryways on both 33rd and 34th streets designed by STUDIOS Architecture,” said Thomas P. Durels, EVP, real estate, for ESRT. “Building-wide upgraded systems have been modernized for the 21st century.”
Scott Panzer and Justin Haber of JLL represented Nespresso in the lease negotiations. Keith Cody provided in-house representation for ESRT, along with NKF’s Scott Klau, Erik Harris and Neil Rubin.
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).
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