Empire State Realty Trust Welcomes Four New Retail Tenants and Announces New Ticketing Center at Empire State Building
Slice of Real Estate Team
Oct 09, 2024
Key Highlights:
- Empire State Realty Trust announces new leases for four retail tenants across its portfolio.
- Alidoro and Roppongi 37 join the iconic Empire State Building and 501 Seventh Avenue, enhancing food and beverage offerings.
- Wells Fargo and Dave & Adams secure retail spaces at 1350 Broadway, achieving 100% retail occupancy.
- New ticketing center to open in 2025 at the Empire State Building Observatory, enhancing the visitor experience.
Source: Business Wire
Quotes
“ "Desirable retail tenants are attracted to ESRT buildings for their high foot traffic, proximity to transportation, and unparalleled service." ”
Fred C. Posniak, SVP, Leasing at ESRT
Our Take:
The latest additions to Empire State Realty Trust’s portfolio highlight the company’s strategic focus on enhancing the tenant mix across its prime locations. The inclusion of high-end food and beverage retailers like Alidoro and Roppongi 37 speaks to the importance of curating amenities that serve both office tenants and the general public. Additionally, achieving 100% retail occupancy at 1350 Broadway is a testament to ESRT’s ability to attract established brands like Wells Fargo and Dave & Adams. The new ticketing center at the Empire State Building Observatory, set for 2025, is another smart move, further improving the world-class visitor experience and capitalizing on the building’s status as a top global attraction.
