News: Brokerage
Posted: June 28, 2022

Empire State Realty signs SESAC MUSIC GROUP to 12,000 s/f lease

New York, NY According to Empire State Realty Trust, Inc. (NYSE: ESRT), SESAC MUSIC GROUP, a leading music rights management and content company, has completed a lease for the full 24th floor at 250 West 57th St. that totals 12,611 s/f.

"Industry-leading sustainability practices, proximity to transportation, and excellent building amenities make 250 W. 57th St. a solid choice for our new office," said John Josephson, CEO at SESAC MUSIC GROUP.

The property at 250 West 57th St. continues to benefit from a flight to quality following its transformation into a boutique office building with high end full-floor tenant buildouts by Fogarty Finger, new lobby designed by Gensler, and leading indoor environmental technology and energy efficiency.

250 West 57th St. has nearby dining that includes Marea, Nobu, and Masa; convenient access to Central Park, Carnegie Hall, and Lincoln Center; in-building access to the Columbus Circle subway station and convenient to the Shops at Columbus Circle.

"SESAC is a welcome addition to our impressive tenant roster at 250 West 57th St.," said Thomas Durels, executive vice president, real estate at Empire State Realty Trust.

TJ Hochanadel of JLL represented SESAC in the lease negotiation. Jordan Berger of ESRT and Paul  Amrich, Neil King III, Alexander Golod, and Anthony Manginelli of CBRE represented the property owner.

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