Photo Hosting Service PhotoShelter Heads to FiDi
PhotoShelter, a digital portfolio service for photographers, is moving Downtown.
The 14-year-old company is leaving 33 Union Square West for 111 Broadway in the Financial District, as The New York Post first reported. It leased 23,206 square feet on the entire 19th floor of the 21-story building between Thames and Pine Streets, according to a press release from the landlord’s broker CBRE. The length of the lease wasn’t disclosed, but asking rent for PhotoShelter’s space was in the high $50s per square foot, a CBRE spokeswoman said.
Corey Borg and Eric Zemachson of Newmark Knight Frank represented PhotoShelter in the deal and declined to comment via a spokeswoman. CBRE’s Brad Gerla, Adam Foster, Michael Rizzo and Adam Leshowitz represented the owner, Capital Properties.
“111 Broadway made perfect sense for PhotoShelter,” Gerla said in a statement. “The 23,000-square-foot full floors are laid out perfectly for creative tenants and provide tremendous natural light and air.”
The limestone-clad office tower next to Trinity Church hosts tenants like NYU Langone, brokerage firm Triad Securities, conservative talk radio station AM 970 The Answer and Con Edison’s development arm.
Capital Properties purchased the 460,000-square-foot building for $64.8 million in 2000, according to property records.