Facebook Continues Exponential NYC Growth with 80,000 SF Lease



770 Broadway.
770 Broadway.

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.

SEE ALSO: Facebook Bets on Valley With New Los Angeles Office

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.