Façade designer Enclos to expand at Empire State Building

TRD New York /
Jul.July 01, 2013 01:00 PM

Enclos Corporation, a façade engineering, design and manufacturing firm specializing in LEED-certified curtain walls, has expanded at the Empire State Building, the New York Observer reported.

The firm signed a five-year, 5,000-square-foot lease on the seventh floor of the New York City landmark in a deal announced last week. Asking rent was in the mid $50s per square foot for the pre-built space.

Enclos will keep its current 3,000-square-foot space on the building’s 47th floor.

Ryan Kass and Shanae Ursini, director of leasing and leasing associate with Newmark Grubb Knight Frank, respectively, represented the landlord, an entity made up of Malkin Holdings and other investors, in the transaction.

Malkin Holdings is on the verge of filing an initial public offering for a real estate investment trust, known as Empire State Realty Trust, which would include the Empire State Building as an asset. Recently, the company secured the required number of votes to launch an IPO.

Also last week, the Malkin family announced that it was reviewing two unsolicited offers for the property.

Ruby Schron, part-owner of the Woolworth Building, made an offer for $2 billion, while a partnership of Joseph Tabak of Princeton Holdings and Philip Pilevsky of Philips International offered $2.1 billion. Joseph Sitt, CEO of Midtown-based Thor Equities, then offered more than $2.1 billion, as The Real Deal reported. [NYO]Julie Strickland


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