LinkedIn Grabs 10K In Empire State Building
Michael Ewing July 16, 2012, 7:30 a.m.
LinkedIn is set to expand 10,400 square feet on the 24th floor in the Empire State Building.
“Their sales force is expanding in New York City and they are out of space on their main floor,” Sacha Zarba, a senior vice president ofCBRE explained.
LinkedIn initially moved into the building in 2010 and has maintained a 32,000 square foot space on the 25th floor.
“Initially, [LinkedIn] was attracted to the space since it was beautifully built with furniture included. An architecture firm had vacated, leaving behind a beautiful installation,” Mr. Zarba further noted. “In addition, the location relative to mass transportation was ideal and the branding opportunities of being in the Empire State Building are terrific.”
The Empire State Building, under Malkin Holdings, was represented by a team of Newmark Grubb Knight Frank brokers that consisted of William Cohen, Ryan Kass, and Shanae Ursini. Mr. Zarba represented LinkedIn in the transaction.
“These firms know how happy LinkedIn is at the Empire State Building, and that makes an impression,” Anthony Malkin, president of Malkin Holdings, said in a prepared statement. “We’re now very much on the radar of the tech and new media sectors.”
The Empire State Building has twenty-four available spaces that range from the 20th to 76th floor and from 5,000 square feet to 40,000 square feet. The four floors that sit below LinkedIn – floors 20, 21, 22, and 23 – are available with a 163,000 square foot contiguous option.
In addition to the Empire State Building, or otherwise known as 350 Fifth Avenue, Malkin Properties owns and offers over ten million square feet of office properties in Westchester, Fairfield, and Manhattan. Its notable portfolio includes One Grand Central Place, 1333 Broadway, and 1350 Broadway.