Empire State Realty stock jumps as lease assumption prompts analyst upgrade (NYSE:ESRT)

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Empire State Building in New York

Predrag Vuckovic/E+ via Getty Images

Empire State Realty Trust (NYSE:ESRT) shares gapped up 11.8% in Tuesday late morning trading after Flagstar Bank assumed the entire 313,109 square foot lease at 1400 Broadway, which was formerly leased by failed lender Signature Bank. The lease assumption prompted Evercore



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