Oct
16
Empire State Realty Inks 85 KSF at NYC Office Asset
ByThe company secured the American Society of Composers, Authors and Publishers with a long-term lease to occupy four floors at 250 West 57th St. in Manhattan. CBRE represented ASCAP in the negotiations.
The American Society of Composers, Authors and Publishers (ASCAP) signed an 85,400-square-foot lease with Empire State Realty Trust for four floors at 250 West 57th St. in Manhattan.
The Class A office building features a total of 530,716 square feet and has an 18.2 percent vacancy rate, according to Yardi Matrix. Built in 1921, the property also includes 17,387 square feet of ground floor retail space. Empire State Realty Trust purchased the asset in 2013 from Helmsley Enterprises for nearly $170 million…
