Walgreens to Create New Manhattan Flagship at the Empire State Building By Exchanging Concourse Space for 2nd-Floor Space at Observatory Exit Elevators

NEW YORK CITY, NY – August 25, 2011 – (RealEstateRama) — The Empire State Building and Walgreens have completed a transaction to benefit the building’s neighborhood, tenants, and visitors to its world-famous Observatories. Walgreens, the nation’s largest drugstore chain, has just renewed its lease on the ground floor of the building’s corner at Fifth Avenue and 33rd Street, and exchanged 10,000 square feet on the concourse level of the property for 10,000 square feet on the second floor.