NEW YORK, April 16, 2025--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a 77,382 square foot renewal lease with Gerson Lehrman Group, Inc. (GLG) – a financial and global information services consulting company – at One Grand Central Place. GLG joined the ESRT portfolio in 2013 and now occupies two full floors overlooking Vanderbilt Plaza.

"One Grand Central Place's unmatched location and office environment have created an ideal headquarters for GLG to convene the world’s leading experts and clients," said Gemma Postlethwaite, CEO at GLG. "We are pleased to continue our long-term partnership with ESRT and see our company continue to grow and thrive at OGCP."

One Grand Central Place features 55 stories of modernized, amenitized office space near New York City’s best restaurants, lodging, and entertainment. The building offers unmatched transportation options with convenient in-building access to Grand Central Terminal’s commuter trains, five subway lines, and Grand Central Madison access to the LIRR.

"Tenants understand the value of ESRT’s unmatched locations, amenities, exceptional service, best-in-class balance sheet, sustainability leadership, and modernized office spaces," said ESRT’s EVP, Real Estate Thomas P. Durels. "We are pleased to continue our partnership with GLG as they renew their office space at One Grand Central Place."

TJ Hochanadel, Robert Martin, Dan Santagata, and Paul Kauffman of JLL represented GLG in the lease negotiations. Jordan Berger, Shanae Ursini, and Kerry Lavelle of ESRT and Scott Klau, William Cohen, Erik Harris, and Neil Rubin of Newmark represented the property owner.

More information about One Grand Central Place, and prime midtown office availability, can be found online.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the "World's Most Famous Building," features its iconic Observatory that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year – in Tripadvisor’s 2024 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is the recognized leader in energy efficiency and indoor environmental quality. As of December 31, 2024, ESRT’s portfolio is comprised of approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X, and LinkedIn.

Story Continues

Source: Empire State Realty Trust, Inc.
Category: Leasing

View source version on businesswire.com: https://www.businesswire.com/news/home/20250416285694/en/

Contacts

Empire State Realty Trust
Jamie Steinberg
212-400-3339
[email protected]

View Comments