LinkedIn Expands its Network at the Empire State Building
NEW YORK CITY, July 16, 2018 – Empire State Realty Trust, Inc. (NYSE: ESRT) announced today LinkedIn signed its sixth expansion lease for an additional 30,165 square feet on the 27th floor.
LinkedIn has grown to 312,947 square feet in total – floors 3, 22, 23, 24, 25, 26, 27, and 28 – at the World’s Most Famous Building since 2011.
“We are proud to partner with LinkedIn as they continue to grow at the Empire State Building,” says Thomas P. Durels, Executive Vice President, Real Estate for ESRT. “We have created a superior work environment that enhances tenant’s results through better employee productivity, talent recruitment, and retention. The Empire State Building offers a unique tenant experience, an Urban Campus, unlike anywhere in Manhattan with amenities including a 15,000 sq. ft. fitness center, a tenant-only conference center, and nine in-building dining options such as Juice Press, Sushi-teria, Chopt, STATE Grill and Bar, Tacombi, and two Starbucks, one dedicated for mobile order pickups.”
Founded in 2003, LinkedIn connects the world’s professionals to make them more productive and successful via websites and mobile apps. In total, over 1,000 employees work in the Empire State Building location.
Sacha Zarba and Lauren Crowley of CBRE represented LinkedIn in the lease negotiations. Landlord representation was provided by Ryan Kass and Shanae Ursini.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world’s most famous building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.1 million rentable square feet, as of March 31, 2018, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.
This press release may contain forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by use of the words “assumes,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects” and similar expressions that do not relate to historical matters. You should exercise caution in relying on forward-looking statements, because they involve risks, uncertainties and other factors which are, in some cases, beyond ESRT’s control and could materially affect actual results. Such factors and risks include, without limitation, a failure of conditions or performance regarding any event or transaction described above, regulatory changes, and other risks and uncertainties described from time to time in ESRT’s filings with the SEC. Except as may be required by law, ESRT does not undertake a duty to update any forward-looking statement