NEW YORK — Empire State Realty Trust has signed a 77,382 square foot renewal lease with Gerson Lehrman Group, Inc. (GLG) – a financial and global information services consulting company – at One Grand Central Place. GLG joined the ESRT portfolio in 2013 and now occupies two full floors overlooking Vanderbilt Plaza.
“One Grand Central Place’s unmatched location and office environment have created an ideal headquarters for GLG to convene the world’s leading experts and clients,” said Gemma Postlethwaite, CEO at GLG. “We are pleased to continue our long-term partnership with ESRT and see our company continue to grow and thrive at OGCP.”
One Grand Central Place features 55 stories of modernized, amenitized office space near New York City’s best restaurants, lodging, and entertainment. The building offers unmatched transportation options with convenient in-building access to Grand Central Terminal’s commuter trains, five subway lines, and Grand Central Madison access to the LIRR.
“Tenants understand the value of ESRT’s unmatched locations, amenities, exceptional service, best-in-class balance sheet, sustainability leadership, and modernized office spaces,” said ESRT’s EVP, Real Estate Thomas P. Durels. “We are pleased to continue our partnership with GLG as they renew their office space at One Grand Central Place.”
TJ Hochanadel, Robert Martin, Dan Santagata, and Paul Kauffman of JLL represented GLG in the lease negotiations. Jordan Berger, Shanae Ursini, and Kerry Lavelle of ESRT and Scott Klau, William Cohen, Erik Harris, and Neil Rubin of Newmark represented the property owner.
