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Deals & Dealmakers

Empire State Realty Trust signs Progyny, Inc. for 70,573 square feet across three full floors at 1359 Broadway

Empire State Realty Trust, Inc.(NYSE: ESRT) today announced a new lease with Progyny, Inc.a leading fertility benefits management company, at 1359 Broadway. Progyny has committed to occupy 70,573 square feet across three floors, which includes one floor that it previously subleased, one floor that Progyny will occupy in late 2022 and a third floor that they will occupy in early 2024.

“We are growing rapidly as more and more employers recognize the value of Progyny’s comprehensive fertility and family building solution,” said Pete Anevski, CEO of Progyny. “We look forward to expanding our presence in our corporate office in New York City with Empire State Realty Trust.” 

Located along the updated Broadway Pedestrian Plaza, 1359 Broadway offers convenient access to major transportation hubs, subway lines, dining, lodging, and shopping. The fully modernized office building features industry-leading energy efficiency and indoor environmental quality measures at a fraction of the cost of newer buildings.

“Our premier indoor environmental quality measures and energy-efficient practices continue to attract high-quality tenants who appreciate our value proposition,” said Thomas P. Durels, executive vice president, real estate at Empire State Realty Trust. “Progyny is a welcome addition to our excellent tenant roster at 1359 Broadway after a successful sublease.”

David Falk, Kyle Ciminelli, and Dylan Weisman of Newmark Knight Frank represented Progyny, Inc. in the lease negotiations. Property owner representation was provided by Shanae Ursini and Jordan Berger of ESRT, and Paul J. Amrich, Emily Chabrier, Neil V. King III, and Meghan Allen of CBRE.

More information about 1359 Broadway, and current availabilities, can be found online.

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