Empire State Realty Trust leases space to Instacart, Infinium
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.
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?



























