Shutterstock, Inc., a global image marketplace on the Internet, has leased 85,000 s/f for a new headquarters at the Empire State Building.
Anthony Malkin, president of Malkin Holdings, which supervises the building, said Shutterstock will relocate from 60 Broad Street later this year, under the terms of an 11-year lease.
They will occupy the entire 20th and 21st floors following a deal brokered by Newmark Grubb Knight Frank, with Paul Ippolito representing the tenant, and William Cohen and Ryan Kass representing the landlord.
Founded in 2003, Shutterstock went public on the New York Stock Exchange last fall.The firm licenses images and video footage to customers around the world, describing itself as “a two-sided marketplace (whose) mission is to connect creative professionals with the best photos, vectors, illustrations and video from thousands of contributors around the world.”
The firm offers its subscribers more than 25 million royalty-free stock images.
Shutterstock joins a growing roster of important companies, including 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. Coty and LinkedIn have both expanded their presence at the Empire State Building.
“We seek great companies with strong business models who appreciate the Empire State Building’s iconic, world-class interactive business environment, which combines modern technology with sustainable, energy-saving building systems and amenities, such multiple in-building dining options including a white-tablecloth restaurant with private dining rooms all coming in late 2013,” said Malkin. “Empire State Building is an address that is known worldwide — you don’t even have to put address on your business cards.”
