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News : Real Estate Apr 22, 2014 - 7:42:26 AM


Empire State Realty Trust's First Stamford Place Leases to American Express

By Empire State Realty Trust





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NEW YORK, April 21, 2014 – 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 metropolitan area, has leased 10,842 square feet at 100 First Stamford Place, in Stamford, CT, to American Express Travel Related Services Company, Inc.

American Express will relocate from 400 Atlantic Street to its newly built offices at First Stamford Place this summer. First Stamford Place is a three-building, 784,160-rentable-square-foot office complex adjacent to the Stamford Transportation Center, providing tenants with immediate access to Metro North and I-95.

“We are pleased to welcome American Express to our roster of prestigious tenants, who value First Stamford Place’s convenient location and top-tier services and amenities,” says Jeffrey H. Newman, senior vice president of Empire State Realty Trust and its affiliates. Those urban campus amenities include a dining facility and catering service, tenants-only fitness and multimedia-conference centers, free on-site parking, and shuttle van service to and from the Stamford Transportation Center and shopping areas.

American Express Travel Related Services Company offers a broad range of products and services, including Travelers Cheques, travel packages, travelers’ accident insurance, car rental insurance and a Global Assist hotline for card members abroad.

Mr. Newman represented the landlord in the transaction, along with senior leasing associate Kimberly Zaccagnino and leasing associate Tara Long. Sean Cahill and Jim Silberfein of CBRE represented American Express.

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.

Forward-Looking Statements

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 statements).




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