NEW YORK, July 31, 2014 /PRNewswire/ — New York REIT, Inc. (“NYRT”) (NYSE: NYRT), a publicly traded real estate investment trust (“REIT”), announced today that it has entered into a purchase and sale agreement to acquire Twitter’s headquarters in Manhattan located at 245-249 West 17^th Street in the Chelsea neighborhood.

The property, which includes a 12-story office tower combined with an adjacent 6-story mixed use building, contains approximately 282,000 rentable square feet. In addition to Twitter, Room & Board, Inc. occupies the retail portion of the building. Flywheel Sports, Inc. is also a tenant.

“We are thrilled to have reached agreement to acquire the headquarters of Twitter. This flagship property located in one of Manhattan’s most desirable sub-markets, has been fully renovated and is distinguished by two new lobbies, brand new state-of-the-art building systems, windows, elevators and a stunning rooftop terrace that overlooks the Hudson River,” said Michael A. Happel, President of NYRT.

Mr. Happel continued, “In addition, the fact that Twitter, one of the world’s most prestigious technology firms, chose this property as its New York headquarters demonstrates the importance of this location and further testifies to the institutional quality of the property itself. We are confident that these buildings, located in New York City’s epicenter of creativity, technology and style, will add significant value to our growing, first-class Manhattan property portfolio. The seller, Savanna, represented by Adam Spies and Doug Harmon of Eastdil Secured, LLC, did a wonderful job redeveloping this property and attracting long-term leases with high quality tenants. They saw an opportunity to redevelop this property and they executed. NYRT is pleased to be the direct beneficiary of these efforts.”

About NYRT

NYRT is a publicly traded corporation listed on the NYSE and is a New York City focused 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.

Forward Looking Statements

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.

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SOURCE New York REIT, Inc.