Sources: Empire State Building Stock Going Public

Souvenir

Updated Apr. 24, 2017 3:57PM EDT / Published Apr. 12, 2011 6:00PM EDT

It looks like anyone can be in an empire state building state of mind: Sources said Tuesday that the Malkin family, whose company owns the Empire State Building, are planning on taking the company’s stock public. The new company could include a number of other office buildings controlled by the Malkins, including 1 Grand Central, a 55-story, 1.3 million-square-foot building across from Grand Central Terminal, a 26-story office building at 250 West 57th St. and six buildings in Westchester County and Connecticut. But the deal still has a long way to go: The Malkins need to get the support of their principal partner, the estate of Leona Helmsley, which has hired advisers to evaluate the proposal.

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Sources: Empire State Building Stock Going Public