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Deals & Dealmakers

Insurance firm GuildNet signs lease at 250 West 57th Street

Empire State Realty Trust leased the entire tenth floor and partial 9th floor, 37,680 s/f at 250 West 57th Street to GuildNet, the insurance affiliate of Lighthouse Guild International, Inc.

The building is undergoing extensive building renovations this year, including a new Gensler-designed lobby, entrance, modernized elevator system, new retail storefronts and new cooling tower.

The property, which offers in-building access to five subway lines, is part of  Billionaires’ Row.

“We have executed two recent full-floor transactions at 250 West 57th Street: COOKFOX Architects and now GuildNet,” said Thomas P. Durels, director of leasing and operations for ESRT.

“We are creating five efficient full-floor opportunities with views from Times Square to Central Park by consolidating over 60 suites.”

Brian Gell and Laurence Briody, Jr. of CBRE represented GuildNet. Landlord representation was provided by Keith Cody of ESRT, along with Harry Blair and Sean Kearns of Cushman and Wakefield.

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