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Tenants Taking to Pre-Built Green Spaces at Empire State Building

Empire State Building Green Leasing

We’ve written quite a bit here at gbNYC about W&H Properties’ $550 million retrofit project at the Empire State Building, which is serving as the basis for a LEED-EB:OM Gold application to USGBC. What we haven’t mentioned previously, though, are the individual, green, pre-built tenant spaces that W&H is offering in conjunction with Jones Lang LaSalle that are both move-in ready and will support a tenant’s LEED for Commercial Interiors certification aspirations.

W&H recently leased four of these spaces totaling 15,000 total square feet between the 53rd and 75th floors to Turkish Airlines, the Aberleen Group, X5 Music Group, and Napoli Bern Ripka LLP. Each pre-built tenant space features tenant-controlled HVAC systems, recycled-content and reclaimed interior finishes, natural daylighting, submetered electricity, and the building’s spectacular Manhattan views.

The pre-built program has been remarkably successful even in the current climate, according to W&H spokesperson Fred Posniak. “The speed of leasing is not the only impressive aspect of these suites,” he said in a press release. “They’ve also commanded high-watermark rents. In fact, ownership is so happy with the results, it has decided to expand the standard to our other properties.” Three more pre-built green spaces are still available, ranging from 3000 to 4000 square feet; available contiguous blocks of space at the Empire State Building range from 10,000 square feet to 373,479 square feet.

Of course, these four deals aren’t the only recent transactions at the Empire State Building; Baum-Essex-Crossroads, a 60-year-old company that designs, manufactures, and distributes consumer products, has expanded its space from 12,000 square feet on the fifth floor to approximately 17,000 square feet on the 24th floor.

A major component of W&H’s program includes replacing the 12-year-old glass in the building’s 6,514 double-pane windows with more efficient glazing (200 to 400 percent more efficient, according to W&H), which should reduce overall solar heat gain by 50 percent and save the building $400,000 in annual energy costs. As you may recall, in addition to JLL, the Rocky Mountain Institute, Clinton Climate Initiative, and Johnson Controls are all partnering with W&H in connection in its ambitious effort to green Manhattan’s most iconic skyscraper.

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One Response to Tenants Taking to Pre-Built Green Spaces at Empire State Building

  1. Stephen Del Percio March 4, 2011 at 4:37 pm #

    More details here on the Turkish Airlines deal from an article in the New York Law Journal:

    Turkish Airlines Inc. will be moving its New York office back to Manhattan from Long Island within the next few weeks. The international carrier signed a 10-year lease for almost 6,000 square feet on the 75th floor of the Empire State Building, at 350 Fifth Ave.

    Istanbul-based Turkish Airlines has been established in New York since 1988. It originally was based in Manhattan until its relocation to 1400 Old Country Rd. in Westbury in 2003.

    “Proximity to our customers and increased visibility in tandem with our expansion plans in the United States” prompted the return to Manhattan, said Alp Ozaman, the airline’s New York regional marketing manager.

    The airline started looking for new office space about six months ago and visited about 20 different locations.

    In association with the Empire State Building Co., LLC, the 102-story, 2.9-million-square foot pre-war skyscraper is part of the W&H Properties portfolio and is supervised by Malkin Holdings.

    Bryan Cave counsel Linda R. Herman represented the tenant.

    Ian Lester, a partner at David J. Bleckner P.C., represented the landlord.

    Mr. Ozaman said that the new office was about the same size as the Westbury office, but the rent is higher. The Empire State Building’s asking rent is about $55 per square foot. The airline leased a high-end, pre-built suite with panoramic views.

    Turkish Airlines has a staff of 25 in its New York office, which handles administrative functions such as marketing and sales, finances and operations.

    U.S. expansion plans include new flights from Los Angeles to Istanbul beginning March 3, said Mr. Ozaman. Currently, the airline has daily flights from New York to Istanbul but will be increasing the frequency up to 14 flights weekly by the end of April. Management is evaluating several other cities as well, he said.

    “International airlines are a great fit for the Empire State Building,” Fred C. Posniak, W&H Properties’ senior vice president, said in a statement. “They market to a global audience, and this audience immediately identifies with the world’s most famous office building.”

    Air China and Lufthansa are also tenants.

    Albert J. Duryea, a principal at New York Realty Group Inc., and his daughter, Tina Duryea, vice president, served the airline. The realty group is also a member of the International Tenant Representative Alliance(ITRA).

    Newmark Knight Frank’s executive vice president and principal William Cohen, managing director Ryan Kass and director of business development Lauren Davidson served the landlord.

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