Empire State Realty Trust Announces Platinum and Gold Ratings In WiredNYC
NEW YORK, April 7, 2014
NEW YORK, April 7, 2014 /PRNewswire/ --Empire State Realty Trust, Inc. (NYSE:
ESRT) ("ESRT") is one of the first New York City real estate owners
participating in the launch of WiredNYC, a rating platform that evaluates the
broadband connectivity and infrastructure of office buildings.
The certification rating system, titled "Wired Certification," will include
grades of Platinum, Gold, Silver, and Connected, and broadband information
will be shared publicly through a web platform, WiredScore.com. WiredNYC is
also designed to serve as a template for other cities across the country, with
a goal to expand the program into additional cities by the end of 2014.
"ESRT continues to be an industry leader in the implementation of
technological advancements in existing buildings," says Thomas P. Durels,
ESRT's Chief of Property Operations and Leasing. "WiredNYC is designed to
provide transparent metrics for comparing office building technology and
internet connectivity, which will enable tenants and brokers to make informed
decisions when choosing to relocate offices. We are proud to be among the
first to participate in its launch and implementation."
Mr. Durels adds: "We have achieved Platinum or Gold ratings in all of our
Manhattan properties, which means that our buildings have superior levels of
internet connectivity and diversity, access to fiber-based broadband, telecom
redundancy, capacity for new carriers and designated spaces for telecom within
The ratings are:
oEmpire State Building – Platinum Wired Certified
o112 West 34^th Street – Platinum Wired Certified
o501 Seventh Avenue – Platinum Wired Certified
oOne Grand Central Place – Gold Wired Certified
o250 West 57^th Street – Gold Wired Certified
o1333, 1350, 1359, 1400 Broadway – Gold Wired certified
For more information about the rating system, please visit
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 December 31, 2013, consisting
of 7.7 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 623,000 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.
* ESRT is the asset manager, but not the owner, of 112 West 34^th Street and
1400 Broadway. It has an option to purchase these properties.
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 Annual Report on Form 10-K for the year ended December 31, 2013,
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, of 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 Company's Annual Report on Form 10-K for the
year ended December 31, 2013, 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 forward-looking
SOURCE Empire State Realty Trust, Inc.
Contact: LVM Group, Rachel Antman, (646-699-7825); firstname.lastname@example.org, or
David Grant, (646-699-7826); email@example.com
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