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Brokerage
Posted: September 27, 2022
Burlington Stores, Inc. expands by 34,591 s/f to occupy a total of 102,898 s/f at 1400 Broadway
New York, NY According to Empire State Realty Trust, Inc. (NYSE: ESRT), Burlington Stores, Inc. signed a full-floor expansion lease for an additional 34,591 s/f of office space formerly under lease to Uber. With this expansion, Burlington will occupy 102,898 s/f across three full floors at 1400 Broadway.
"We value our long-standing relationship with ESRT and are pleased to continue to expand our footprint at 1400 Broadway in New York City," stated Gayle Aertker, executive vice president store development, Burlington Stores. "As Burlington continues to grow, we appreciate ESRT's partnership."
Located along the Broadway Pedestrian Plaza, 1400 Broadway provides convenient access to nearby transportation, dining, lodging, and entertainment. Tenants benefit from ESRT's leadership in energy efficiency and premier indoor environmental quality – which includes MERV 13 filters and active bi-polar ionization – as well as a tenants-only lounge and a new town hall assembly space to be delivered late 2022.
"ESRT provides exceptional value in healthy, modernized, energy-efficient spaces which retain high-quality tenants like Burlington," said Thomas Durels, executive vice president, real estate at Empire State Realty Trust. "We continue to benefit from the market's flight to quality with our premier amenity-rich portfolio."
Alan Desino of Colliers International represented Burlington in the lease negotiations. Scott Klau, Neil Rubin, and Erik Harris represented the property owner.
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