Software Maker Keeping Space at Empire State Building
WorkStride, a company that develops employee recognition software for companies, inked a deal to stay put in the Empire State Building, Commercial Observer has learned.
The company signed a five-year lease with Empire State Realty Trust to keep its 12,000-square-foot headquarters on part of the 39th floor of the iconic Art Deco tower at 350 Fifth Avenue between West 33rd and West 34th Streets, a source with knowledge of the deal said. Asking rent was in the mid-$70s per square foot.
WorkStride started nearly two decades ago as CorporateRewards but rebranded under its current name in 2016, the company announced at the time. It’s unclear how long its headquarters have been in the Empire State Building.
Martin Horner and Kirill Azovtsev of JLL (JLL) brokered the renewal for WorkStride, the source said. ESRT’s Shanae Ursini handled it in-house for the landlord along with JLL’s Jonathan Fanuzzi and Kip Orban. A spokeswoman for ESRT did not immediately respond to a request for comment and the JLL brokers declined to comment.
Other tenants in the 102-story, 2.8-million-square-foot Empire State Building include LinkedIn, law firm Kaplan Hecker and Fink and architecture firm Corgan.