JCDecaux takes 47K sf at Empire State Building

Advertising company will occupy 73rd and 74th floors

New York /
Jul.July 27, 2016 09:35 AM

Outdoor advertising company JCDecaux signed a 46,537-square-foot lease at the Empire State Building, landlord Empire State Realty Trust announced Wednesday.

The real estate investment trust, which is set to report earnings Wednesday evening, spent a reported $550 million on renovating the famous office tower starting in 2011.

The building’s tenants include Linkedin, Skanska, Shutterstock and HNTB.In May, consultancy firm ZS Associates leased 20,000 square feet at the tower.

JCDecaux, headquartered in France, will occupy the entire 73rd and 74th floors. ESRT’s director of leasing and operations Thomas Durels said two full floors in the tower remain available.

CBRE’s TRData LogoTINY Snezana Anderson, Brad Needleman and Bernhard Weinstabel represented the tenant. ESRT’s Ryan Kass, Fred Posniak and Shanae Ursini and JLL’s Paul Glickman, Jonathan Fanuzzi, Simon Landmann, Kip Orban and Harley Dalton represented the landlord.

Earlier this year, Empire State Realty Trust chairman and CEO Tony Malkin said his firm would be playing it safe in the near future, planning “no development, no joint ventures, no bidding or buying at current cap rates and no lending.”– Konrad Putzier


Related Articles

arrow_forward_ios
Residents at Sven in Long Island City will be able to control the light show atop their building, as well as some in Manhattan. (Spireworks)
LIC tower giving residents chance to light up night
LIC tower giving residents chance to light up night
Boston Properties’ Owen Thomas, Vornado Realty Trust’s Steve Roth, Paramount Group’s Albert Behler, SL Green’s Marc Holliday and Empire Real Estate Trust’s Tony Malkin  (iStock, slgreen.com, vno.com, paramount-group.com, esrtreit.com, LinkedIn)
Office landlords profess optimism despite dip in occupancy
Office landlords profess optimism despite dip in occupancy
Empire State Realty Trust CEO Tony Malkin (Getty, iStock)
Empire State Realty’s multifamily play baffles experts, investors
Empire State Realty’s multifamily play baffles experts, investors
With offices in flux, Empire State Realty Trust is pivoting to apartments
With offices in flux, Empire State Realty Trust is pivoting to apartments
With offices in flux, Empire State Realty Trust is pivoting to apartments
iCapital Network CEO Lawrence Calcano and 60 East 42nd Street (iCapital, ESRT)
Fintech firm doubles down at ESRT’s One Grand Central
Fintech firm doubles down at ESRT’s One Grand Central
(iStock)
Real estate stung by “sobering” climate report
Real estate stung by “sobering” climate report
Empire State Realty Trust CEO Tony Malkin (Getty, iStock)
ESRT braces for more pain at Empire State Building
ESRT braces for more pain at Empire State Building
Empire State Realty Trust CEO Anthony Malkin and the Empire State Building (Getty, iStock)
Empire State Building owner endures painful wait for tourists’ return
Empire State Building owner endures painful wait for tourists’ return
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...