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 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.
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