Shutterstock Expands Empire State Building HQ
- Feb 15, 2016
By Ioana Neamt, Associate Editor
New York—American stock photography, stock footage and stock music provider Shutterstock is expanding its headquarters in the iconic Empire State Building in Manhattan.
According to Empire State Realty Trust Inc. (ESRT), the firm has signed an expansion lease for a 25,300-square-foot full floor in the building, bringing the total space it occupies to more than 105,000 square feet. Newmark Grubb Knight Frank’s Paul Ippolito represented Shutterstock in the lease negotiations, while landlord representation was secured by Ryan Kass, Fred Posniak and Shanae Ursini of ESRT.
Shutterstock has occupied 80,000 square feet of space at the office tower on Fifth Avenue since 2013. Founded back in 2003, the company is also present in Chicago, Dallas, Denver, San Francisco and Silicon Valley. The firm also has additional offices in Amsterdam, Berlin, London, Montreal and Paris.
“We are delighted to accommodate Shutterstock’s growth at the Empire State Building,” Thomas Durels, executive vice president & director of leasing and operations with ESRT, said in a statement. “The Urban campus at the Empire State Building is unique, and allows employees at tenants like Shutterstock to be incredibly productive. Everything that one needs is located within the building.”
Other tenants at the 102-story skyscraper at 350 Fifth Ave. include Linkedin, Expedia, Skanska, Bulova, Coty, Global Brands Group, HNTB and Media General Digital.
Image courtesy of Shutterstock