Written by

Empire State Realty Trust Signs Full-Floor Tenant at 250 W. 57th St.

| Commercial Real Estate News, Featured, Leasing, Office| Views: 0

The Empire State Realty Trust announced that it had added a new tenant to the roster at 250 W. 57th St. by signing a full-floor lease with Hanover Street Capital, a commercial real estate platform offering solutions for Deutsche Bank’s commercial real estate operations. Hanover is set to occupy a total of 12,622 square feet of class A office space in Manhattan.

Located on Billionaire’s Row in the Times Square-Hell’s Kitchen office submarket, 250 W. 57th St. was initially built in 1921 and was once known as the Fisk Tire Building. After extensive renovations in 2017 — which also added a brand new, Gensler-designed lobby — it now features full-floor buildouts that include ESRT’s indoor environmental and sustainability package, thereby improving air quality, as well as the eco-friendliness of the Trust’s office properties. Nearby landmarks to the office building include Central Park, the Time Warner Center, and Carnegie Hall, as well as multiple dining options and the Columbus Circle subway station.

Hanover Street Capital now joins a prestigious tenant roster, including Universal Music Group and Mount Sinai’s corporate offices, both of which hold a full-floor lease. Tenants of the property also have access to three fully stocked cabanas dubbed Refresh 57.

250 W. 57th St., the ESRT-owned office building and the site of the trust's newest lease

250 West 57th Street, Manhattan, New York, NY 10019. Property image courtesy of CommercialEdge.

“We were drawn to 250 W. 57th St. for its unbeatable location and our high-end, pre-built space that is move-in ready,” said Sunil Madan, head and COO at Hanover Street Capital. “We are thrilled to partner with Empire State Realty Trust and look forward to joining the building’s community.”

“ESRT is pleased to welcome Hanover Street Capital to our tenant roster at 250 W. 57th St.,” said Thomas P. Durels, executive vice president, real estate at Empire State Realty Trust. “Hanover will benefit from the building’s convenient location and ESRT’s commitment to sustainability and indoor environmental quality throughout its portfolio.”

At the end of January, the Empire State Realty Trust landed another full-floor tenant in the Empire State Building after signing the Greater New York Mutual Insurance Company for a lease totaling 52,116 square feet of New York office space in one of the city’s most identifiable landmarks.

Need a reliable and up-to-date listings platform that grants you access to the most sought-after office solutions in major cities across the U.S.? Visit CommercialCafe.com and sort properties by location, size or price to find the best fit for your business:

Office space in Jersey CityOffice space in Los AngelesOffice space in Fort Lauderdale
Office space in HoustonOffice space in ChicagoOffice space in Newark
Office space in DallasOffice space in San FranciscoOffice space in Long Island City
Office space in AustinOffice space in SeattleOffice space in Fort Worth
Office space in CharlotteOffice space in Las VegasOffice space in Oakland
Office space in BostonOffice space in DenverOffice space in The Woodlands
Office space in AtlantaOffice space in Washington, D.C.Office space in West Palm Beach
Office space in MiamiOffice space in ArlingtonOffice space in Portland
Office space in IrvineOffice space in PhiladelphiaOffice space in San Jose
Office space in PhoenixOffice space in San DiegoOffice space in San Antonio

Comments are closed.