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Deals & Dealmakers

Gap takes 80,000 s/f at 111 West 33rd Street

Empire State Realty Trust  announced thatGap Inc. has leased two full floors totaling 80,900 sq. ft. at 111 West 33rd Street, home of ESRT’s corporate headquarters.

Gap Inc. is a  global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands.

“We’ve had a great response from tenant prospects and touring brokers that have seen our new STUDIOS Architecture designed lobby and elevators at 111 West 33rd Street,” said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. “When initially viewing ESRT’s headquarters space, Gap Inc. was impressed with the highly efficient side-core floor plates with radiant natural light and 111’s immediate access to mass transit.”

Eric Deutsch and Jared Freede of CBRE represented Gap Inc. in the lease negotiations.  Keith Cody represented ESRT in the above transaction, along with Scott Klau, Erik Harris and Neil Rubin of Newmark Grubb Knight Frank.

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