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Deals & Dealmakers

Shutterstock expands headquarters to 105,000 s/f at Empire State Building

Shutterstock, a global provider of commercial digital imagery and music, has signed an expansion lease for a 25,300 s/f full floor at the Empire State Building, announced Empire State Realty Trust.

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Shutterstock’s headquarters has occupied 80,000 s/f at the World’s Most Famous Building since 2013, and was originally attracted to the building for the strength of its brand identification and amenities, and how the building helps attract and retain top talent.

“We are delighted to accommodate Shutterstock’s growth at the Empire State Building,” said 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.”

Founded in 2003, Shutterstock provides high-quality licensed photographs, vectors, illustrations, videos and music to businesses, marketing agencies and media organizations around the world.
The firm has additional offices in Amsterdam, Berlin, Chicago, Dallas, Denver, London, Montreal, Paris, San Francisco and Silicon Valley.

Other tenants of the building include LinkedIn, Bulova, Coty, Global Brands Group, HNTB, Expedia, Skanska, and Media General Digital.

Paul Ippolito of Newmark Grubb Knight Frank represented Shutterstock in the lease negotiations. Ryan O. Kass, Fred C. Posniak and Shanae Ursini repped ESRT.



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