Facebook Completes Lease for More Than 1.5 Million Square Feet at NY's Hudson Yards
November 14 2019 - 3:25PM
Dow Jones News
By Michael Dabaie
New York's Hudson Yards said it completed a lease with Facebook
Inc. (FB) for more than 1.5 million square feet of office space
across 30 floors and three buildings.
The lease deal includes about 1.2 million square feet in 50
Hudson Yards, about 265,000 square feet in 30 Hudson Yards and
about 57,000 square feet in 55 Hudson Yards. Related Cos. and
Oxford Properties Group developed 30 Hudson Yards, while Related,
Mitsui Fudosan America and Oxford developed 50 and 55 Hudson
Yards.
"When considering the next phase of our growth in the city, it
was important that our newest office space was situated in the
heart of a vibrant community that offered access to arts, culture,
media and commerce," said John Tenanes, Facebook vice president of
global facilities and real estate, adding that Facebook will expand
its offices starting in 2020.
News Corp, owner of this newswire, has a commercial agreement to
supply news through Facebook.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
November 14, 2019 15:10 ET (20:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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