UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 27, 2015
New York REIT, Inc.
(Exact Name of Registrant as Specified in Charter)
Maryland | 001-36416 | 27-1065431 | ||
(State or other jurisdiction | (Commission File Number) | (I.R.S. Employer | ||
of incorporation) | Identification No.) |
405 Park Avenue |
New York, New York 10022 |
(Address, including zip code, of Principal Executive Offices) |
Registrant's telephone number, including area code: (212) 415-6500 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On April 27, 2015, New York REIT, Inc. issued a press release, a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1 | Press Release dated April 27, 2015 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 27, 2015 | NEW YORK REIT, INC. | |
By: | /s/ Michael A. Happel | |
Michael A. Happel | ||
Chief Executive Officer and President |
Exhibit 99.1
FOR IMMEDIATE RELEASE
NYRT Announces 104,000 Square Feet of Leasing at Worldwide Plaza
New York, New York, April 27, 2015 – New York REIT, Inc. (NYSE: NYRT) (“NYRT”), a publicly traded real estate investment trust (“REIT”), announced today that it has completed two new, long-term leases totaling approximately 104,000 square feet at Worldwide Plaza (of which NYRT’s pro rata share is approximately 51,000 square feet). These leases include Rubenstein Public Relations for two full floors of office space totaling approximately 68,000 square feet and a new gym concept from David Barton for approximately 35,000 square feet in the former Bally's Fitness space. With these two new leases, occupancy at Worldwide Plaza has risen to 98.2%.
Worldwide Plaza was built in 1989 and is comprised of a 49-story, Class-A office building containing approximately 1.8 million square feet of office space, approximately 30,000 square feet of retail space, a five-stage off-Broadway theater, a fitness center and a parking garage providing 475 parking spaces.
"We are very proud to announce these most recent leasing transactions consisting of a combined 104,000 square feet at Worldwide Plaza, one of the best known Class-A properties in Manhattan," said Michael Happel, Chief Executive Officer and President of NYRT. “Over the past year we have welcomed both Shanken Communications and CBS Broadcasting to the property which, in combination with the latest additions, reflects strength in tenant demand. Since acquiring the property in October 2013, we have increased occupancy from 91% to just over 98% and are in active talks to lease the remaining vacancy."
About NYRT
NYRT is a publicly traded Maryland corporation listed on the NYSE and is a New York City focused real estate investment trust (“REIT”) that acquires income-producing commercial real estate, including office and retail properties, in New York City. Additional information about NYRT can be found on its website at www.nyrt.com. NYRT may disseminate important information regarding it and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.
Important Notice
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements
involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as “will,”
“should,” “may,” “anticipate,” “believe,” “expect” and “intend”
indicate a forward-looking statement, although not all forward-looking statements include these words. Actual results may differ
materially from those contemplated by such forward-looking statements, including those set forth in the Risk Factors section of
NYRT's Annual Report on Form 10-K filed on February 28, 2014. Further, forward-looking statements speak only as of the date they
are made, and NYRT undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating results over time, unless required by law.
Contacts
Michael A. Happel Chief Executive Officer and President New York REIT, Inc. mhappel@nyrt.com (212) 415-6500 |
Gregory W. Sullivan Chief Operating Officer, Chief Financial Officer, Treasurer and Secretary New York REIT, Inc. gsullivan@nyrt.com (212) 415-6500 |
Andrew G. Backman Managing Director Investor Relations /Public Relations abackman@arlcap.com (917) 475-2135 |
Anthony J. DeFazio SVP of Public Relations DDCworks tdefazio@ddcworks.com (484) 342-3600 |
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