The more than doubling of Signature Bank's office space in Manhattan is a testament to the market's general flight to quality, Thomas Durels, executive vice president, real estate at Empire State Realty Trust, said in announcing the deal.
Signature has now more than doubled its current office space at 1400 Broadway from Empire, expanding by 168,310 square feet from its previous 111,872 square foot office space for a total of 280,182 square feet across 10 full floors.
Durels also cited the superior indoor environmental quality measures of 1400 Broadway as a major benefit for a confident return to office the bank is receiving at the location.
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