NEW YORK, July 23, 2015 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) ("ESRT") today announced that LinkedIn Corporation (NYSE: LNKD) is expanding its New York City headquarters by occupying an additional 130,000 square feet at the property.
The expansion in the "World's Most Famous Building" will have LinkedIn encompassing the entire third and 26th floors, bringing the company's total occupancy to 280,000 square feet on seven floors. LinkedIn first moved into the building in 2011.
"We are very happy that our work at the Empire State Building has created the flexibility to accommodate LinkedIn's expansion needs at the World's Most Famous Building," said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. "People who work here are able to enjoy the Empire State Building's urban campus and state-of-the-art amenities, which include six unique on-site dining and cuisine options with more to follow and the city's largest tenant-only fitness center and conference center. We couldn't be happier that LinkedIn chose to make this move with us."
"We are incredibly grateful to the CBRE team who represented LinkedIn in this significant transaction," said Ryan O. Kass, Senior Vice President, Director of Leasing and Marketing for ESRT.
Sacha Zarba, Lauren Crowley, and Greg Tosko of CBRE represented LinkedIn in the lease negotiations. Landlord representation was provided by Ryan O. Kass, Fred C. Posniak and Shanae Ursini of ESRT.
Other industry leading tenants of the Empire State Building include Shutterstock, Coty, Bulova, Global Brands Group, HNTB Corporation, Skanska, and Media General.
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 office building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.0 million rentable square feet, as of March 31, 2015, consisting of 9.3 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 727,000 rentable square feet in the retail portfolio.
*Please note all lease square footages are approximate.
This press release includes "forward looking statements." Forward-looking statements may be identified by the use of words such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro forma," "estimates," "contemplates," "aims," "continues," "would" or "anticipates" or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: the factors included in (i) the Company's Annual Report on Form 10-K for the year ended December 31, 2014, including those set forth under the headings "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Business," and "Properties" and (ii) in future periodic reports filed by the Company under the Securities and Exchange Act of 1934, as amended. While forward-looking statements reflect the Company's good faith beliefs, they are not guarantees of future performance. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled "Risk Factors" in the Annual Report on Form 10-K for the year ended December 31, 2014, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Prospective investors should not place undue reliance on any forward-looking statements, which are based only on information currently available to the Company (or to third parties making the forward-looking statements).
SOURCE Empire State Realty Trust, Inc.