The Real Deal New York

ZS Associates takes 20K sf at Empire State Building

Sales advisory firm is leaving 2 Grand Central Tower

May 10, 2016 10:30AM

The Empire State Building (inset: Tony Malkin)

The Empire State Building (inset: Tony Malkin)

The Empire State Building has a new tech tenant: sales and marketing consultancy ZS Associates.

The firm agreed to take just under 20,000 square feet on the 51st floor of the storied 2.8-million-square-foot Midtown office building, the New York Post reported.

Asking rent for the space was $72 per square foot.

It will leave its current digs at Two Grand Central Tower at Rockwood Capital’s 140 East 45th Street.

Savills Studley’s Joe Arnstein, Erik Schmall and Daniel Thompson represented ZS in the deal. JLL’s Paul Glickman, Jonathan Fanuzzi, Kip Orban and Harley Dalton represented the Empire State Realty Trust, along with Ryan Kass, Fred Posniak and Shanae Ursini who represented the landlord in house.

Empire State Realty Trust chairman and CEO Tony Malkin recently said his firm will play it safe in the near future, planning “no development, no joint ventures, no bidding or buying at current cap rates and no lending.” [NYP]Ariel Stulberg

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