Facebook Continues Exponential NYC Growth with 80,000 SF Lease
Danielle Schlanger Feb. 6, 2015, 6:27 p.m.
Facebook, adding to its already-strong New York presence, has signed a lease for an additional 80,000 square feet at its Big Apple home at 770 Broadway in Greenwich Village.
Crain’s New York Business, which first reported the deal, said Facebook has taken the entire 15th floor of the property in a lease that expires in 2024. This brings its total floor space at the Vornado Realty Trust-owned building to 270,000 square feet. Facebook has been in the building since May 2013.
The paper noted that asking rents were more than $100 per square foot.
Colliers International’s Bob Tunis and Wixen Real Estate’s Warren Wixen represented Facebook in negotiations. Vornado’s Glen Weiss, Josh Glick and Eddie Riguardi represented the landlord in-house.
Colliers and Vornado could not immediately be reached for comment. Mr. Wixen declined to comment on the deal.
The Frank Gehry-designed property at 770 Broadway, which takes up an entire city block downtown, was redeveloped in 2000. Current tenants include AOL, J.Crew, Ann Taylor, Bank of America and K-Mart.
Before it signed for its space at 770 Broadway, it had a 55,000-square-foot New York office at 335 Madison Avenue between East 43rd and East 44th Streets.