Carolina Herrera, Ltd. Signs Renewal and Expansion Lease with Empire State Realty Trust for 34K Square Feet at 501 Seventh Avenue

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a 34K square foot expansion and renewal lease with Carolina Herrera, Ltd. – a high-end New York City fashion house and subsidiary of Puig Brands – at 501 Seventh Avenue.

"Carolina Herrera remains deeply committed to the New York Fashion District and continues to play a vital role in the fashion ecosystem that the neighborhood nurtures,” said Emilie Rubinfeld, president at Carolina Herrera. “Through our partnership with ESRT, we have reinforced our brand legacy, and we are proud to call Seventh Avenue our home, both now and in the future."

501 Seventh Avenue is a modernized office building in midtown Manhattan that boasts unmatched access to Penn Station, Madison Square Garden, dining, and lodging. Tenants benefit from the building’s efficient side-core floor plates, a new rooftop lounge with indoor and outdoor seating, and access to shared campus amenities which include a Town Hall conference space at 1400 Broadway, and an outdoor rooftop lounge at 1333 Broadway to open this year. Tenants also enjoy a diverse mix of in-building retailers which include Chipotle, Le Café, Club Pilates, A Cut Above, and Chop & Go.

“ESRT stands out above the rest with its unparalleled service reputation, best-in-class balance sheet, prime locations, and modern amenities,” said Thomas P. Durels, ESRT EVP, Real Estate. “Carolina Herrera, Ltd. joins the list of more than 299 expansions within our top tier portfolio.”

Matthew McBride and Cara Chayet of CBRE represented Carolina Herrera, Ltd. in the lease negotiations. Jordan Berger, Shanae Ursini, and Kerry Lavelle of ESRT and Ron Lo Russo and Harley Dalton of Cushman & Wakefield represented the property owner.

More information about 501 Seventh Avenue, and current office availability, can be found online.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year – in Tripadvisor’s 2024 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is the recognized leader in energy efficiency and indoor environmental quality. As of December 31, 2024, ESRT’s portfolio is comprised of approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X, and LinkedIn.

Source: Empire State Realty Trust, Inc.
Category: Leasing