Real Estate Weekly
Image default
Deals & Dealmakers

Net zero chaser expands footprint within ESRT’s WELL-approved portfolio

Empire State Realty Trust, Inc.  announced that Rizzo Group, a building code consulting firm, and CodeGreen Solutions, a decarbonization and sustainability solutions provider, have signed a new, 11-year office lease with ESRT for an 11,835 s/f space at 1350 Broadway.

The companies will relocate to this larger space from their prior space at 1333 Broadway.

“We will return to the office with an expanded footprint and confidence in ESRT’s high-performance safety protocols and years-long leadership in indoor environmental quality and sustainability,” said Stephen Rizzo, CEO at Rizzo Group and co-founder at CodeGreen Solutions.

“We found the right match for our headquarters in a building with MERV 13 filters, active bipolar ionization, and plenty of daylight, all fronting the new public open spaces on Broadway. Our workplace will lead the way in sustainability and wellness with a space that boosts opportunities for innovation. Typically, tenants use more than 50 percent of a building’s energy, so the ability to build a decarbonized workplace can help move the needle in a big way and provide a model for landlord-tenant collaboration. Our efforts in deep carbon reduction are possible because they align with ESRT’s efforts to reduce energy use and meet aggressive, but necessary, goals for net-zero emissions.”

Located in the heart of the Broadway pedestrian mall and the Commuter Triangle, 1350 Broadway offers unparalleled views, prime transportation access, and plenty of dining, lodging, and retailers in the immediate area. Within its 25 stories and 372,643 rentable square feet, 1350 Broadway contains a modern lobby, office spaces, and elevators, and a new roof and façade. The building is equipped with MERV 13 filters and active bipolar ionization for premier indoor environmental quality as organizations return to the office. 

ESRT is the first portfolio in the Americas to be WELL Certified by the International WELL Building Institute. Additionally, ESRT is a Fitwel Champion, is 100% fully powered by renewable wind energy, earned the 2021 ENERGY STAR Partner of the Year Award, and has received Five Stars, an A rating, and a score of 88 in its first year’s submission to GRESB. As a leader in sustainability, energy efficiency, and Indoor Environmental Quality, ESRT can help your client meet its CSR and ESG goals (76% of our eligible portfolio is ENERGY STAR certified). ESRT supports these efforts with its own corporate ESG leadership.

The WELL Building Standard is a performance-based system for measuring, certifying, and monitoring features of the built environment that impact human health and wellbeing, through air, water, nourishment, light, fitness, comfort, and mind.

“We are pleased that Rizzo Group and CodeGreen Solutions chose to remain tenants of ESRT as they grow their space,” said Thomas P. Durels, executive vice president, real estate for ESRT. “Our focus is to partner with our tenants to provide a pathway for a confident return to office, and with our industry-leading measures for indoor environmental quality, safety, and energy efficiency, tenants can bring their employees back with certainty that their health is a top priority.”

Christopher Kraus and Charles Gerace of JLL represented Rizzo Group in the lease negotiations. Landlord representation was provided by Shanae Ursini and Keith Cody of ESRT.

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million


Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building


Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando