Greater NY Mutual Signs Full-Floor Lease at Empire State Building

NEW YORK — Empire State Realty Trust, Inc. has signed Greater New York Mutual Insurance Company (GNY Mutual) for a new full-floor, 52,116 square foot space at the world-famous Empire State Building (ESB). GNY Mutual has served policyholders since 1914 and earned an A+ (Superior) rating from A.M. Best for more than 30 consecutive years.

“As a 109-year-old insurance company who specializes in providing coverage solutions for commercial real estate owners, we appreciate the significance of the Empire State Building to the NYC real estate community,” said Elizabeth Heck, chairman, president, and CEO of GNY Mutual. “As an employer, we are attracted to ESB for its industry-leading sustainability measures and excellent tenant amenities which aid in employee recruitment and retention in addition to our hybrid work environment.”

ESB is a fully modernized landmark that offers newly built office space equipped with ESRT’s premier indoor environmental quality and sustainability measures. The building houses more than 65,000 square feet of amenities which include a tenant-only fitness center, conference center, eight in-building dining options, and a 400+ person all-hands space with basketball/pickleball courts and golf simulators soon to come. ESRT recently announced new retail leases at the Empire State Building with Ghirardelli and Samurice.

“We are pleased to welcome GNY Mutual to our tenant roster at the Empire State Building,” said Thomas P. Durels, executive vice president, real estate at Empire State Realty Trust. “ESRT continues to attract high quality office tenants as we provide modernized office spaces in prime locations with top-tier amenities.”

Mark Ravesloot of CBRE represented GNY Mutual in the lease negotiations. Scott Klau, Erik Harris, Neil Rubin, Brent Ozarowski, Zachary Weil, and Cole Gendels of Newmark and Jordan Berger, Shanae Ursini, and Kerry Lavelle of ESRT represented the property owner.