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New York

Infrastructure firm inks 78K sf lease at Empire State Building

Asking rents in the iconic skyscraper are in the $60s per square foot

William Cohen Sven Sykes
From left: Newmark Grubb Knight Frank's William Cohen and Colliers International's Sven Sykes

Infrastructure consulting firm HNTB Corporation will move into the Empire State Building before the end of the year.

The company, now located at 5 Penn Plaza, inked a 78,000-square-foot lease for 10 years and five months, according to the New York Observer. HNTB will occupy three floors — the 56th through the 58th — in the iconic tower.

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Colliers International’s Sven Sykes, Tyler Owens and Mark Friedman represented HNTB in the deal. Empire State Realty Trust’s Fred Posniak as well as Newmark Grubb Knight Frank’s William Cohen, Jonathan Tootell and Shanae Ursini represented the landlord.

Asking rents at the Empire State Building, which includes 2.8 million square feet of rentable space, were in the $60s per square foot, according to the Observer. [NYO] — Claire Moses

 

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Colliers InternationalEmpire State Building