Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed two new leases with Club Pilates and A Cut Above 7 at 501 Seventh Avenue, and renewed a lease with AT&T at 250 W. 57th Street.
501 Seventh Avenue
· Club Pilates signed a new lease for an 1,805 square foot retail space. Emily Simmonds of RIPCO represented the tenant in the lease negotiations.
· A Cut Above 7 signed a new lease for a 3,198 square foot space. Richard Farley of Handler Real Estate Organization represented the tenant in the lease negotiations.
250 W. 57th Street
· AT&T signed a renewal lease with ESRT for their currently occupied 3,805 square foot space. Loren Baron of CBRE represented AT&T in the lease negotiations.
“We are thrilled to bring Club Pilates to the Midtown/Penn Station area of New York City! As operators of three other New York Club Pilates since 2019, we’ve seen first-hand the benefits Pilates brings to the communities around our studios,” said Jason Covallo, co-owner of Club Pilates. “With this new location’s easy access to commuter hubs like Penn Station, Grand Central Terminal, and Port Authority, we can reach even more people with the power of Pilates!”
“Our new location at 501 Seventh Avenue will benefit our business with high foot traffic and proximity to transportation,” said Rafael Aminov, owner at A Cut Above 7. “We are excited to welcome our clients to our brand-new, customized salon, which will be a great addition to the neighborhood.“
Fred C. Posniak of ESRT and Morgan Singer and Andrew Mandell of RIPCO represented the property owner in both transactions.
“We focus on retailers who provide the amenities and services that our office tenants desire most,” said Fred C. Posniak, SVP, leasing at Empire State Realty Trust. “We are pleased to welcome Club Pilates and A Cut Above 7 to 501 Seventh Avenue’s bustling neighborhood, and to continue our long-term relationship with AT&T at 250 W. 57th Street.”
More information about ESRT’s portfolio, and available retail space for lease, can be found online.