ESRT signs two new leases at One Grand Central Place

ESRT signs two new leases at One Grand Central Place
One Grand Central Place, New York Image: Courtesy of Empire State Realty Trust, Inc

Empire State Realty Trust, Inc.(ESRT) has signed two new leases for a total of 49,999 square feet at its One Grand Central Place, a 56-story office tower in Midtown Manhattan in New York City.

Belkin Burden Goldman, LLP, a real estate-focused law firm, signed a new lease for 30,598 square feet at One Grand Central Place.

Dime Community Bank, a local New York City-based bank that has been in business for more than 150 years, signed a new lease for 19,401 square feet. Previously Dime Community Bank occupied a 3,643 square foot space at the property.

“There is no better way to start the year at OGCP than with a great, new lease and the significant growth of an existing tenant,” said Thomas P. Durels, Executive Vice President, Real Estate for ESRT. 

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“One Grand Central Place’s location directly across from Grand Central Terminal is unmatched. The property was recently recognized as a Fitwel Champion. In addition, ESRT’s portfolio is the first in the United States to be certified under the WELL Health-Safety Rating, and we achieved a 5 Star Rating from GRESB in our first year of submission. With these certifications and ESRT’s leadership in Indoor Environmental Quality (IEQ), One Grand Central Place is a top choice for any tenant that seeks the ability to return to the office with confidence and the convenience of a coveted Grand Central address.”

Jeffrey Peck, Daniel Horowitz, and Jacob Stern from Savills represented Belkin Burden Goldman, LLP in the lease negotiations. Charlie Terrasi from Laterra Real Estate represented Dime Community Bank in the lease negotiations.

Landlord representation was provided by Ryan Kass of ESRT, along with William G. Cohen, Scott J. Klau, Erik S. Harris, and Neil L. Rubin of Newmark Knight Frank.