Empire State Realty Trust Inc. Executive Vice President and CFO David Karp will resign from his roles for personal reasons, effective Aug. 1.
The real estate investment trust, which owns and operates office and retail assets in Manhattan, N.Y., and the greater New York metropolitan area, said Chief Accounting Officer and Treasurer Andrew Prentice will be its acting CFO while it looks for a permanent replacement.
Karp joined Empire State in 2011 and played a key role in the company's conversion to a public REIT. He is relocating to the West Coast, where he grew up, according to a release.
Separately, the trust said AT&T Inc. extended the term of its lease for 10 years and will move its existing store to a new location within the Empire State Building on 34th Street.
Winick Realty Group LLC represented AT&T. Cushman & Wakefield provided additional landlord representation.