Empire State Realty Trust Leases Office Space To Ground Up International In Midtown Manhattan

The office property located at 1333 Broadway in Midtown South, Manhattan, was involved in a lease transaction. The sublandlord, Xcel Brands, leased the space from the landlord, Empire State Realty Trust, to subtenant Ground Up International. The lease type was a Modified Gross Lease, with an asking rent of $47 per square foot for a total of 30,000 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not provided
• Address: 1333 Broadway
• Market: Midtown South, Manhattan
• Sublandlord: Xcel Brands
• Landlord: Empire State Realty Trust
• Subtenant: Ground Up International
• Brokers: Daniel Lolai & Joel Kubie - LSL Advisors; Marc Kritzer - Elite Mak
• Asking Rent: $47/ft
• Lease Type: Modified Gross Lease

The deal was facilitated by brokers Daniel Lolai and Joel Kubie from LSL Advisors, along with Marc Kritzer from Elite Mak. These key individuals played a crucial role in the successful negotiation and completion of the lease transaction at 1333 Broadway.