According to Empire State Realty Trust, Shutterstock has signed an expansion lease for a full floor (25,300 sq ft) at the Empire State Building. The company already occupies 80,000 sq ft in the iconic building that has served as its headquarters since 2013. Founded in 2003, Shutterstock has additional offices in Amsterdam, Berlin, Chicago, Dallas, London, Paris, and other cities. Paul Ippolito of Newmark Grubb Knight Frank represented Shutterstock in the lease negotiations. Landlord representation was provided by Ryan O. Kass, Fred C. Posniak and Shanae Ursini of ESRT.
“We are delighted to accommodate Shutterstock’s growth at the Empire State Building,” says Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. “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.”
