WALGREENS MOVES NEAR EMPIRE STATE BUILDING’S OBSERVATORY EXIT ELEVATORS

NEW YORK CITY — Walgreens has renewed its lease on the ground floor of the Empire State Building, and exchanged 10,000 square feet of retail space on the concourse level to 10,000 square feet on the second floor near the Observatory exit elevators. The all-glass second floor store is slated for a first quarter 2012 completion. Walgreens’ lease in the Empire State Building is for a 15-year term and totals 18,818 square feet. The vacated space on the concourse level is expected to house a fitness center. Andrew Goldberg, Eric Gelber and Matt Chmielecki represented the landlord, W&H Properties, in house for both the lease renewal and lease reconfiguration.