Facebook has signed a lease for more than 1.5 million square feet of office space across 30 floors and three buildings in New York City’s Hudson Yards.
The lease deal includes approximately 1,200,000 square feet in 50 Hudson Yards, approximately 265,000 square feet in 30 Hudson Yards and approximately 57,000 square feet in 55 Hudson Yards, according to a statement released Thursday by Hudson Yards.
“New York’s vibrant communities, strong business economy and diverse talent base first attracted us to the city in 2007. 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. Hudson Yards offered this and more, and we’re excited to expand our offices there starting in 2020,” said John Tenanes, VP of Global Facilities and Real Estate for Facebook.
30 Hudson Yards was developed by Related Companies and Oxford Properties Group, 50 and 55 Hudson Yards were developed by Related Companies, Mitsui Fudosan America and Oxford Properties Group.
Cushman & Wakefield represented Facebook in the transaction and Related handled the negotiations in-house.
New York’s $25 billion mixed-use development includes office, retail, residential, parks, open space, academic, culture and entertainment.