The Real Deal New York

Infrastructure firm expands to more than 100K sf at Empire State Building

HNTB Corporation took another floor at the 102-story tower
By Christian Bautista | September 27, 2018 05:40PM

The Empire State Building at 350 5th Avenue and Thomas Durels (Credit: Getty Images)

Infrastructure consulting firm HNTB Corporation is expanding at the Empire State Building.

The company signed a lease to take an additional 26,800 square feet on the 62nd floor of the 102-story tower, according to landlord Empire State Realty Realty Trust. The transaction expands HNTB’s footprint in the building to 105,100 square feet. In 2015, the company moved into the property after signing a 78,400-square-foot deal for floors 56 to 58.

The transaction adds to a string of expansions in the skyscraper over the past few months. In July, social networking site LinkedIn took an additional 30,200 square feet on the 27th floor, bringing its footprint in the tower to 313,000 square feet. ESRT also announced a 5,300 square feet expansion for software vendor Workday, Inc., which increased its space in the property to 21,400 square feet. The Workday transaction represents the 145th lease expansion in the property since 2013, according to ESRT Executive Vice President Thomas Durels.

The Empire State Building, which attracts over four million visitors per year, opened in 1931. Other tenants in the building include advertising company JCDecaux, construction firm Skanska and beauty products company Coty. The building is 94.6 percent leased, according to ESRT’s latest quarterly report. During the second quarter, the building generated $153.6 million in revenue, up 5.3 percent from the same time last year.

Colliers International’s Sven Sykes represented HNTB. Cushman & Wakefield’s Paige Engeldrum represented Workday. ESRT’s Ryan Kass and Shanae Ursini, along with JLL’s Paul Glickman, Jonathan Fanuzzi and Harley Dalton represented the landlord.