Shutterstock Signs 85,000 SF Lease at Empire State Building for New HQ
Shutterstock Inc. (NYSE: SSTK), a global seller of images, has signed a lease for 85,000 SF for a new headquarters at the Empire State Building.
Malkin Holdings LLC, which supervises the Empire State Building, said Shutterstock signed an 11-year lease and would relocate from 60 Broad Street later this year. It will occupy the entire 20th and 21st floors.
“The Empire State Building has transformed into an ideal setting for Shutterstock’s innovative tech culture,” said Shutterstock’s founder and CEO Jon Oringer. “It’s an icon of New York and we’re excited to make the move.”
Anthony Malkin, president of Malkin Holdings, said the Empire State Building “combines modern technology with sustainable, energy-saving building systems and amenities, such as a tenant-only fitness and conference centers, multiple in-building dining options including a white-tablecloth restaurant with private dining rooms all coming in late 2013.”
Other noted firms at the Empire State Building include international fragrance giant Coty, the Federal Deposit Insurance Corp., the American arm of global Hong Kong-based trading firm Li & Fung, LinkedIn and the Sweden-based construction management firm Skanska.
The Shutterstock deal was brokered by Newmark Grubb Knight Frank, with Paul Ippolito representing the tenant. William Cohen and Ryan Kass represented the landlord.
Attorneys for the transaction were Steven D. Korenblat of Bryan Cave LLP for the tenant, and David J. Bleckner and Ian Lester, of David J. Bleckner, P.C., representing the building.