Empire State Realty OP, L.P. (NYSE: ESBA) serves as the operating partnership for Empire State Realty Trust, a publicly traded real estate investment trust. Through this structure, the partnership holds and manages a portfolio of primarily office and retail properties in Midtown Manhattan, anchored by the iconic Empire State Building. Revenue is generated through leasing office space, retail storefronts and ancillary services such as visitor experiences, broadcasting and building amenities management.
The roots of the enterprise trace back to the completion of the Empire State Building in 1931, which established the property as a global landmark. In 2013, Empire State Realty Trust completed a spin-off and public listing, consolidating its core Manhattan holdings under the partnership vehicle. Since that time, the company has focused on enhancing tenant services, upgrading building systems and leveraging its flagship asset to attract corporate and retail clients.
Operations are concentrated in New York City, with the partnership’s portfolio centered on properties in Midtown Manhattan and key retail corridors. The company emphasizes sustainable building practices, energy efficiency retrofits and modern amenity offerings to maintain market competitiveness and support tenant retention in one of the world’s most dynamic real estate markets.
Leadership of the partnership falls under the broader management team of Empire State Realty Trust, with Chairman and Chief Executive Officer Anthony E. Malkin guiding corporate strategy and property operations. Under his direction, the partnership continues to pursue value-enhancing initiatives while leveraging the heritage and prominence of the Empire State Building to support long-term growth.
AI Generated. May Contain Errors.
MarketBeat All Access