Empire State Realty Trust brings Manhattan’s 130 Mercer to 100% leased
ESRT•Empire State Realty Trust signed a 74,516-square-foot office lease with a new tenant at 130 Mercer in Manhattan’s SoHo neighborhood, bringing the property to 100% occupancy from 70% at its December 2025 acquisition.
1. Lease brings full occupancy
Empire State Realty Trust signed a 74,516-square-foot office lease with a new tenant at 130 Mercer in Manhattan’s SoHo neighborhood. The latest deal, together with another lease signed earlier this year, brought the property to 100% occupancy, up from 70% at acquisition in December 2025.
2. Yield and acquisition funding
The property’s expected stabilized after-capex yield exceeds that of 250 West 57th Street by more than 200 basis points. The sale of 250 West 57th Street largely funded the acquisition of 130 Mercer.
