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- Empire State Realty Trust Welcomes Four New Retail Tenants and Announces New Ticketing Center at Empire State Building
Empire State Realty Trust Welcomes Four New Retail Tenants and Announces New Ticketing Center at Empire State Building
Slice of Real Estate Team
October 09, 2024
Key Highlights:
Empire State Realty Trust announces new leases for four retail tenants across its portfolio.
Alidoro and Roppongi 37 join the iconic Empire State Building and 501 Seventh Avenue, enhancing food and beverage offerings.
Wells Fargo and Dave & Adams secure retail spaces at 1350 Broadway, achieving 100% retail occupancy.
New ticketing center to open in 2025 at the Empire State Building Observatory, enhancing the visitor experience.
Source: Business Wire
Notable Quotes:
"Desirable retail tenants are attracted to ESRT buildings for their high foot traffic, proximity to transportation, and unparalleled service."
"This new ticketing center further demonstrates our dedication to service excellence."
Our Take:
The latest additions to Empire State Realty Trust’s portfolio highlight the company’s strategic focus on enhancing the tenant mix across its prime locations. The inclusion of high-end food and beverage retailers like Alidoro and Roppongi 37 speaks to the importance of curating amenities that serve both office tenants and the general public. Additionally, achieving 100% retail occupancy at 1350 Broadway is a testament to ESRT’s ability to attract established brands like Wells Fargo and Dave & Adams. The new ticketing center at the Empire State Building Observatory, set for 2025, is another smart move, further improving the world-class visitor experience and capitalizing on the building’s status as a top global attraction.