Burlington Stores, Inc. Expands Space and Renews Lease at 1400 Broadway; Nespresso Renews Lease at 111 W. 33rd Street

Empire State Realty Trust announces multiple lease renewals and expansions in Manhattan office buildings.

Feb. 19, 2026 at 10:39pm

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Empire State Realty Trust, Inc. (NYSE: ESRT) has announced that it has signed two renewal leases and one expansion lease with Burlington Stores, Inc. and Nespresso at two of its premier Manhattan office buildings. Burlington Stores, Inc. has expanded its footprint to 206,392 square feet at 1400 Broadway, while Nespresso has renewed its 41,835 square foot lease at 111 W. 33rd Street.

Why it matters

These lease renewals and expansions demonstrate the continued demand for high-quality office space in Manhattan, even as the city navigates the impacts of the COVID-19 pandemic. The deals also highlight Empire State Realty Trust's ability to retain and grow its tenant base, which is a key indicator of the company's financial health and the strength of its real estate portfolio.

The details

Burlington Stores, Inc. has signed an expansion lease for an additional 35,629 square feet of office space, bringing its total footprint at 1400 Broadway to 206,392 square feet. This is the company's fourth expansion with Empire State Realty Trust since its initial 35,182 square foot lease in 2010. Nespresso has renewed its existing 41,835 square foot lease at 111 W. 33rd Street, a space it has occupied since 2018.

  • The lease renewals and expansion were signed in Q4 2025.

The players

Empire State Realty Trust, Inc.

A NYC-focused REIT that owns and operates a portfolio of well-leased, top-tier, modernized, amenitized, and well-located office, retail, and multifamily assets.

Burlington Stores, Inc.

An American off-price department store chain that has been expanding its footprint at 1400 Broadway since 2010.

Nespresso

A subsidiary of Nestlé that produces and markets coffee and coffee machines, and has renewed its lease at 111 W. 33rd Street.

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What they’re saying

“We are pleased that Burlington will grow their space at 1400 Broadway once again, and that we will continue our partnership with Nespresso at 111 W. 33rd Street.”

— Ryan Kass, EVP, co-head of real estate, chief revenue officer at ESRT

The takeaway

These lease renewals and expansions demonstrate the continued strength of the Manhattan office market, even in the face of pandemic-related challenges. The deals highlight Empire State Realty Trust's ability to retain and grow its tenant base, positioning the company for long-term success.