Foot Locker Leases 34,200 Square Feet At ESRT's 112 West 34th Street

NEW YORK, April 29, 2015 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the world's leading retailer of athletic footwear and apparel, with nearly 3,500 stores around the globe, has signed a new retail lease to retain its flagship location at 112 West 34^th Street, in the heart of Manhattan's bustling 34^th Street corridor, announced landlord Empire State Realty Trust, Inc. (NYSE: ESRT).

112 W. 34^th Street is located directly opposite Macy's world flagship store, at the intersection of Broadway, Avenue of the Americas and West 34^th Street, where an estimated 100 million pedestrians pass by annually. Foot Locker will consolidate from three floors into 34,200 square feet on a portion of the ground floor and the entire second floor. 

The long-term transaction follows on the heels of ESRT's major retail lease with Sephora, which recently signed a deal for 11,334 square feet of flagship space in the same building.

"Foot Locker's decision to recast its lease and build a new multi-level flagship store underscores the retail power of 34^th Street," said Thomas P. Durels, ESRT's Executive Vice President, Director of Leasing and Operations.  "With Foot Locker and Sephora already in place, we have one more retail vacancy available at 112."

Foot Locker operates 3,473 athletic retail stores in 23 countries under the brand names Foot Locker, Kids Foot Locker, Footaction, Lady Foot Locker, SIX:02, Runners Point, Sidestep and Champs Sports.

Landlord representation was provided by Fred C. Posniak of ESRT along with Joanne Podell and Ian Lerner of Cushman & Wakefield.  Rob Martin of JLL represented Foot Locker.

35,866 square feet of prime retail space, which includes 7,718 square feet on the ground floor and 28,148 square feet on the lower level, remain available at 112 West 34^th Street. For more information, please contact Ms. Podell at 212-841-5972 or [email protected].

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous office building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.0 million rentable square feet, as of December 31, 2014, consisting of 9.3 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 728,000 rentable square feet in the retail portfolio.

Forward-Looking Statements

This press release includes "forward-looking statements." Forward-looking statements may be identified by the use of words such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro forma," "estimates," "contemplates," "aims," "continues," "would" or "anticipates" or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: the factors included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014, including those set forth under the headings "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" "Business," and "Properties." While forward-looking statements reflect the Company's good faith beliefs, they are not guarantees of future performance. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2014, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Prospective investors should not place undue reliance on any forward-looking statements, which are based only on information currently available to the Company (or to third parties making the forward-looking statements).

SOURCE Empire State Realty Trust, Inc.