LinkedIn Corporation, which operates the largest professional network on the Internet, is expanding its space at the Empire State Building by 33 percent, adding 10,400 s/f on the 24th floor to its existing 32,000 s/f on the 25th floor, announced Anthony Malkin, president of Malkin Holdings, which supervises the property.
The new space is slated for occupancy in early 2013. LinkedIn leased the entire 25th floor in 2011.
“LinkedIn has told us that they are expanding because the Empire State Building has proven to be very popular amongst its growing worker population,” says Malkin.
“The World’s Most Famous Office Building proves its value as a well-managed, upgraded, energy efficient, well-located campus environment.”
Founded in 2003 and headquartered in Mountain View, California, LinkedIn has 2,447 employees worldwide. The network has 161 million members in some 200 nations and territories, including executives from every Fortune 500 company.
LinkedIn’s presence at the property also has attracted attention from other technology and new media firms, who are moving north from their traditional centers in the Chelsea/Flatiron districts, notes Mr. Malkin.
“These firms know how happy LinkedIn is at the Empire State Building, and that makes an impression,” he says. “We’re now very much on the radar of the tech and new media sectors.”
Sacha Zarba of CBRE represented LinkedIn in the lease negotiations. William Cohen, Ryan Kass and Shanae Ursini of Newmark Grubb Knight Frank represented the landlord.