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Empire State Realty Trust (ESRT) expanded its lease with Gerson Lehrman Group, adding 18,230 square feet at One Grand Central Place. ESRT operates as a pure-play greater New York and Manhattan-focused REIT, owning iconic properties like the Empire State Building. However, the company faces financial challenges, including a low Altman Z-Score and high debt-to-equity ratio, indicating potential financial distress.

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