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Pontera Solutions Signs 41k Square Foot Expansion Lease with ESRT at the Empire State Building

Fintech Company Will Relocate from ESRT’s 111 W. 33rd Street

Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new, long term lease with Pontera Solutions, Inc. for a 40,679 square foot space at the Empire State Building. Pontera – a fintech company that specializes in software for financial advisors to manage retirement accounts –- will relocate from their current 10,539 square foot space at ESRT’s 111 W. 33rd Street.

“ESRT continues to provide solutions for great businesses, this time with Pontera Solutions at the Empire State Building,” said ESRT EVP, Real Estate Thomas P. Durels. “ESRT is a top destination for the market’s flight to quality and has seen more than 2.7 million square feet of tenant expansions since our IPO.”

The Empire State Building is a fully modernized landmark that offers newly built office space equipped with ESRT’s premier indoor environmental quality and sustainability measures. The building houses more than 65,000 square feet of amenities which include a tenant-only fitness center, conference center, seven in-building dining options, and the soon-to-open Empire Lounge that will include a 400+ person all-hands space, basketball/pickleball court, and two golf simulators. ESRT recently announced new retail leases at the Empire State Building with Ghirardelli and Samurice.

Justin Haber and Kyle Riker of JLL represented Pontera Solutions in the lease negotiations. Shanae Ursini of ESRT and Scott Klau, Erik Harris, and Neil Rubin of Newmark represented the property owner.

More information about 111 W. 33rd Street, and current 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 modernized, amenitized, and well-located office, retail, and multifamily assets and the Observatory deck attraction in ESRT’s flagship Empire State Building – the “World’s Most Famous Building”. The Company is the recognized leader in energy efficiency and indoor environmental quality. As of March 31, 2024, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 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.

Forward-Looking Statement

This press release includes "forward-looking statements" within the meaning of the federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and are including this statement for purposes of complying with those safe harbor provisions. You can identify these statements by use of words such as “aims," "anticipates," "approximately," "believes," "contemplates," "continues," "estimates," "expects," "forecasts," "hope," "intends," "may," "plans," "seeks," "should," "thinks," "will," "would" or the negative of these words and phrases or similar words or expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements, because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and could materially affect actual results, performance or achievements. These factors include, without limitation, the risks and uncertainties detailed from time to time in the Company’s filings with the SEC and any failure of the conditions or events cited in this release. Except as may be required by law, the Company does not undertake a duty to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Source: Empire State Realty Trust

Category: Leasing

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