Empire State Realty Trust’s 130 Mercer is Now 100% Leased
Business Wire•10/11/2026•09:00 ET
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Key Highlights
- ➤130 Mercer now 100% leased after 74,516-square-foot tenant transaction
- ➤130 Mercer lease-up spans two full floors in Manhattan’s SoHo neighborhood
- ➤ESRT expects stabilized after-capex yield over 200 basis points above 250 West 57th Street
- ➤Property rose from 70% leased at December 2025 acquisition to fully leased
Expert Statements
Ryan Kass, EVP, co-head of real estate and chief revenue officer at ESRT
“We are pleased to achieve this 100% leased milestone at 130 Mercer”
Ryan Kass, EVP, co-head of real estate and chief revenue officer at ESRT
“Our execution at this SoHo property demonstrates ESRT’s ability to translate tenant demand into results.”
Ryan Kass, EVP, co-head of real estate and chief revenue officer at ESRT
“Through our fast lease-up of a three-floor, 110,000 square feet block of office space, we expect to achieve a stabilized after-capex yield at 130 Mercer that is over 200 basis points higher than 250 West 57th Street, the disposition that largely funded the acquisition.”
74,516 square foot transaction with new tenant will span two full floors at ESRT’s SoHo property
Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it completed an office lease with a new tenant for 74,516 square feet at 130 Mercer in Manhattan’s SoHo neighborhood which, together with another lease executed earlier this year, brings the property from 70% leased at acquisition in December 2025 to 100% leased.
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