Burlington Stores, Inc. Expands by 67,865 Square Feet to Occupy Total of 170,763 Square Feet At 1400 Broadway
February 08, 2024 at 05:30 pm EST
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Empire State Realty Trust, Inc. announced that Burlington Stores, Inc. signed an expansion lease for an additional 67,865 square feet of office space across two full floors at 1400 Broadway. With this expansion, Burlington will occupy a total of 170,763 square feet within ESRT?s portfolio across five full floors, with a new 16-year lease term for the expansion space coterminous with the current office space. After an initial deal in 2010 for 35,182 square feet, Burlington has expanded with ESRT three times at 1400 Broadway for 135,581.
Located along the Broadway Pedestrian Plaza in the commuter triangle, 1400 Broadway provides convenient access to nearby transportation, dining, lodging, and entertainment. ESRT?s amenity rich portfolio includes a new 170+ person all-hands space at 1400 Broadway that features a wet bar; three large presentation flatscreens; video conferencing capabilities; sound system; and charging stations. The new all-hands space connects to 1400?s popular tenant lounge that accommodates more than 70 people.
Burlington Stores, Inc. is an off-price retailer of branded apparel, footwear, accessories, and merchandise for the home at everyday low prices. The Companyâs stores offer an extensive selection of in-season, fashion-focused merchandise, including womenâs ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts, and coats. It has five distribution centers. Its two east coast distribution centers are located in Edgewater Park, New Jersey and Burlington, New Jersey. Its three west coast distribution centers are located in San Bernardino, California, Redlands, California, and Riverside, California. These five distribution centers occupy an aggregate of about 4,106,000 square feet, and each includes processing, shipping, and storage capabilities. In addition to the distribution centers, it has arrangements with third parties for the use of pool point facilities. It operates about 1007 stores, principally under the name Burlington Stores.