EVO Real Estate Group Arranges 14,000-Square-Foot Lease At Empire State Realty Trust’s One Grand Central Place
Marketfield Asset Management Takes Entire 36th Floor
And Portion of the 22nd Floor for New Headquarters
NEW YORK CITY, January 30, 2015 – Marketfield Asset Management LLC, a registered investment advisor to private and institutional clients, has leased 14,011 square feet for its new headquarters at One Grand Central Place, 60 East 42nd Street. The deal was jointly announced by EVO Real Estate Group, which represented the tenant, and landlord Empire State Realty Trust, Inc. (NYSE:ESRT) ("ESRT").
“One Grand Central Place provides a first-class environment and outstanding location befitting Marketfield’s status in its industry,” said Robert Frischman, Executive Vice President of EVO. “When this tower floor became available, with a beautiful installation already in place, we jumped at the opportunity.”
The asking rent for the space Marketfield leased was in the mid-$70s per square foot.
“One Grand Central Place is in high demand among top-tier tenants, like Marketfield, because of its convenient location and exceptional on-site amenities and services,” said Thomas P. Durels, ESRT’s Executive Vice President and Director of Leasing and Operations.
Landlord representation was provided by Ryan O. Kass and Fred C. Posniak of Empire State Realty Trust, along with William Cohen, Jonathan Tootell and Julie Christiano of Newmark Grubb Knight Frank.
About EVO Real Estate Group
EVO Real Estate Group is a privately held commercial real estate firm, with roots dating back to 1969, that serves the diverse real estate needs of a highly prestigious list of tenants, owners, large corporations and growing businesses. The firm is a member of NAI Global, the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. For more information, please visit www.evo-re.com.
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 10.0 million rentable square feet, as of September 30, 2014, consisting of 9.3 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 731,000 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.
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," "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 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).
Rachel Antman, (646) 699-7825; firstname.lastname@example.org
David Grant, (646) 699-7826; email@example.com