Empire State Realty Trust leases space to Instacart, Infinium

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Reviewed by
Radhika SScanX News Team
Key Highlights

Empire State Realty Trust, Inc. announced new office leases with Instacart at 111 W. 33rd Street and Infinium Wall Systems, Inc. at 1359 Broadway. These agreements, along with a lease for Hansa Biopharma, have brought both properties to 100% occupancy. The trust continues to market available space at One Grand Central Place and 501 7th Avenue for 2026.

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Empire State Realty Trust, Inc. has expanded its portfolio of leased office spaces by signing new agreements with Instacart and Infinium Wall Systems, Inc. The trust leased 26,134 square feet at 111 W. 33rd Street to Instacart and 30,017 square feet at 1359 Broadway to Infinium Wall Systems. These transactions have resulted in 111 W. 33rd Street and 1350 Broadway reaching 100% occupancy, highlighting strong demand for modernized office assets in New York City.

Lease Transactions

Instacart, a grocery technology app, secured its space at 111 W. 33rd Street in the second quarter. Additionally, Hansa Biopharma, Inc. signed a 7,052 square-foot office lease at the same location in the third quarter. Infinium Wall Systems, Inc., an American manufacturer of glass office fronts and interior wall systems, established a flagship New York presence with its lease at 1359 Broadway.

Property Details

111 W. 33rd Street is located near Penn Station, Madison Square Garden, and Manhattan's dining and lodging district. Tenants include Nespresso, ClearView Healthcare Partners, Anaplan, and ESRT’s corporate headquarters. 1359 Broadway is a premier asset on the Broadway Office Corridor, situated within the commuter triangle near major transit hubs.

Market Availability

Ryan Kass, EVP, Co-Head of Real Estate and Chief Revenue Officer at ESRT, noted that the full leasing of these properties demonstrates the strength of well-located, amenitized office space. ESRT indicated that two large blocks remain available for 2026 at One Grand Central Place and 501 7th Avenue.

Lease Negotiations

Josh Pernice, Timothy Kazul, and Conor Famulener of CBRE represented Instacart. Matthew Leon and Jake Leon of Newmark represented Hansa Biopharma. Infinium Wall Systems was represented by Sarah Pontius, Jerica Lam, Carleigh Bettiol, and Charlotte Reaman of Artisan Alliance. The property owner was represented by Jordan Berger, Shanae Ursini, and Kerry Lavelle of ESRT, along with representatives from Cushman & Wakefield and Newmark.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will the full occupancy of these properties influence rental rates in the surrounding Manhattan office market?

What strategies will ESRT employ to secure tenants for the large blocks available at One Grand Central Place and 501 7th Avenue by 2026?

Could this trend of high occupancy in amenitized office spaces signal a broader recovery in NYC's commercial real estate sector?

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UTA moves to Empire State Building in July 2027

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Reviewed by
Radhika SScanX News Team
Key Highlights

United Talent Agency (UTA) will move its New York offices to the Empire State Building in July 2027, occupying 100,948 square feet across four floors. The relocation supports UTA's growth and commitment to New York as a global business hub. Empire State Realty Trust highlighted the building's modern amenities and sustainability measures.

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United Talent Agency (UTA) will relocate its New York offices to the Empire State Building in July 2027, securing 100,948 square feet across four floors. The move marks a significant expansion for the agency, which houses its Filmed Entertainment, Creators, News, Publishing, Theatre, Music, Speakers, Sports, Brand Advisory, and Executive Search businesses in New York. The new space is designed to support UTA's integrated talent representation and brand advisory operations.

UTA COO Bob Roback stated that the relocation to one of New York City's most iconic landmarks reflects the agency's continued growth and long-term commitment to the city as a global epicenter of culture, creativity, and business. He emphasized that New York has become an increasingly important center for UTA's clients and the company, and the new office positions the agency to build the future of talent, media, sports, and brand representation.

Empire State Realty Trust, Inc. (NYSE: ESRT), the owner and operator of the Empire State Building, welcomed UTA to the "World’s Most Famous Building." Ryan Kass, EVP, co-head of real estate and chief revenue officer at ESRT, noted that the building fosters collaboration, attracts top talent, and enhances the employee experience. ESRT highlighted that two large blocks remain available for 2026 at One Grand Central Place and 501 7th Avenue.

The Empire State Building offers a fully modernized and amenitized landmark with newly built office space equipped with ESRT’s premier indoor environmental quality and sustainability measures. The building features more than 65,000 square feet of amenities, including eight dining options, a fitness center, a conference center, a basketball/pickleball court, and two golf simulators.

Lease Negotiations

Mitchell Konsker, Benjamin Bass, and Harrison Potter of JLL represented UTA in the lease negotiations. Jordan Berger, Shanae Ursini, and Kerry Lavelle of ESRT, along with Scott Klau, Erik Harris, Neil Rubin, Brent Ozarowski, Zachary Weil, and Cole Gendels of Newmark, represented the property owner.

Key Details of the Relocation

Detail Information
Location Empire State Building
Total Space 100,948 square feet
Floors 4
Move Date July 2027
Key Businesses Filmed Entertainment, Creators, News, Publishing, Theatre, Music, Speakers, Sports, Brand Advisory, Executive Search
Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will UTA's significant expansion impact its hiring strategy and headcount growth in New York leading up to 2027?

What effect will UTA's relocation have on vacancy rates and rental pricing for premium office space in Midtown Manhattan?

Could this move trigger a trend of other major talent and media agencies relocating to landmark buildings to enhance their brand prestige?

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