3i Debt Management Leases Full Floor at One Grand Central Place; Johnson
NEW YORK, Feb. 26, 2014
NEW YORK, Feb. 26, 2014 /PRNewswire/ --3i Debt Management has leased an
entire tower floor at One Grand Central Place, announces Empire State Realty
Trust, Inc. (NYSE:ESRT) ("ESRT"), a leading real estate investment trust with
office and retail properties in Manhattan and the greater New York
In addition, Johnson Controls, Inc. has expanded its existing occupancy by
leasing the entire 29^th floor of the building.
3i Debt Management's space on the 41^st floor, which will house the firm's
U.S. headquarters, encompasses approximately 12,000 square feet and features
panoramic cityscape views. 3i is a leading international investor focused on
mid-market private equity, infrastructure and debt management across Europe,
Asia and the Americas. The firm previously was at 400 Madison Avenue and the
Alex Chudnoff and Daniel Turkewitz of Jones Lang LaSalle represented 3i in the
Meanwhile, JCI, a global diversified technology and industrial firm with
customers in more than 150 countries and over 170,000 employees, has renewed
and expanded into approximately 17,000 square feet. The firm has been a
tenant of One Grand Central Place since 2004.
Thomas Pulie of USI Real Estate Brokerage Services represented JCI in the
William Cohen and Julie Christiano of Newmark Grubb Knight Frank and Ryan Kass
of ESRT represented the landlord in both transactions.
"One Grand Central Place continues to attract and retain top tenants, from
major corporations to financial firms, and 3i's new lease and JCI's renewal
and expansion are great examples," says Thomas P. Durels, ESRT's Executive
Vice President, Chief of Property Operations and Leasing. "Its unparalleled
location with convenient in-building access to Grand Central Terminal, broad
variety of spaces and floorplates, on-site amenities, and distinctive
architecture appeal to quality tenants such as Allianz, Balfour Beatty
Infrastructure Partners and Gerson Lehrman Group, who all signed in 2013."
For more information about 3i and JCI, please visit www.3i.com and
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE:ESRT), a leading real estate investment
trust (REIT), owns, manages, operates, acquires and repositions office and
retail properties in Manhattan and the greater New York metropolitan area,
including the Empire State Building, the world's most famous office building.
Headquartered in New York, New York, the Company's office and retail portfolio
covers 8.4 million rentable square feet, as of September 30, 2013, consisting
of 7.8 million rentable square feet in 12 office properties, including seven
in Manhattan, three in Fairfield County, Connecticut and two in Westchester
County, New York; and approximately 645,000 rentable square feet in the retail
portfolio. The Company also owns land at the Stamford, Connecticut
Transportation Center that supports the development of an approximately
380,000 rentable square foot office building and garage and has an option to
acquire two additional Manhattan office properties encompassing approximately
1.5 million rentable square feet of office space and over 150,000 rentable
square feet of retail space at the base of the buildings.
This press release includes "forward looking statements". Forward-looking
statements may be identified by the use of words such as "believes,"
"expects," "may," "will," "should," "seeks," "approximately," "intends,"
"plans," "pro forma," "estimates," "contemplates," "aims," "continues,"
"would" or "anticipates" or the negative of these words and phrases or similar
words or phrases. The following factors, among others, could cause actual
results and future events to differ materially from those set forth or
contemplated in the forward-looking statements: the factors included in the
Company's prospectus relating to the initial public offering, including those
set forth under the headings "Risk Factors," "Management's Discussion and
Analysis of Financial Condition and Results of Operations" and "Business and
Properties." While forward-looking statements reflect the Company's good faith
beliefs, they are not guarantees of future performance. The Company disclaims
any obligation to publicly update or revise any forward-looking statement to
reflect changes in underlying assumptions or factors, or new information, data
or methods, future events or other changes after the date of this press
release, except as required by applicable law. For a further discussion of
these and other factors that could impact the Company's future results,
performance or transactions, see the section entitled "Risk Factors" in the
prospectus relating to the initial public offering, and other risks described
in documents subsequently filed by the Company from time to time with the
Securities and Exchange Commission. Prospective investors should not place
undue reliance on any forward-looking statements, which are based only on
information currently available to the Company (or to third parties making the
SOURCE Empire State Realty Trust, Inc.
Contact: LVM Group, Rachel Antman, (212-499-6570); email@example.com; David
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