Empire State Realty Trust Announced Today That It Signed A New 11-Year Office Lease With Sol De Janeiro USA
Portfolio Pulse from Benzinga Newsdesk
Empire State Realty Trust, Inc. (ESRT) has signed an 11-year office lease with Sol de Janeiro USA for 57,203 square feet at One Grand Central Place. Sol de Janeiro, a subsidiary of L'Occitane, joins the building's tenant roster, benefiting from modern amenities and transportation access. L'Occitane also expanded its lease at ESRT's 111 W. 33rd Street by 9,497 square feet.
February 21, 2024 | 10:07 pm
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Empire State Realty Trust, Inc. (ESRT) has secured a significant 11-year lease with Sol de Janeiro USA, a subsidiary of L'Occitane, for a large office space at One Grand Central Place.
The signing of a long-term lease with a luxury brand subsidiary like Sol de Janeiro USA not only fills a significant amount of office space but also adds a prestigious tenant to ESRT's roster. This could positively influence investor perception and potentially increase the trust's revenue from rental income, contributing to a positive short-term impact on ESRT's stock price.
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