NEW YORK – Empire State Realty Trust, Inc. announced that Signature Bank, a New York-based full-service commercial bank, has expanded its footprint at 1400 Broadway for the third time. Signature has taken another full, 32,927 square feet for a total of 313,109 square feet.
In January 2022, ESRT announced that Signature expanded by 168,310 square feet to over 280,000 square feet. The company will now take the building’s full 16th floor and occupy 11 full floors under a long term lease.
“ESRT continues to benefit from the market flight to quality,” said Thomas P. Durels, executive vice president, real estate at Empire State Realty Trust. “Signature, a top financial institution, understands ESRT is an industry leader in energy efficiency, indoor environmental quality, and healthy buildings and has taken advantage of our value proposition at 1400 Broadway.”
Located along the Broadway Pedestrian Plaza, 1400 Broadway provides convenient access to nearby transportation, dining, lodging, and entertainment. Tenants benefit from ESRT’s leadership in energy efficiency and premier indoor environmental quality – which includes MERV 13 filters and active bi-polar ionization – as well as a tenants-only lounge and a new “town hall” assembly space to be delivered late 2022, at rents that are a fraction of newer buildings.
Michael Cohen, Andrew Roos, and Howard Kaplowitz of Colliers International NY represented Signature Bank in the lease negotiations. Scott Klau, Erik Harris, Neil Rubin, of Newmark and Ryan Kass of Empire State Realty Trust represented the property owner.
