The Real Deal New York

Vodafone dials up at Rudin’s 560 Lex

British telecom company doubles space to 35K sq ft

March 09, 2015 12:15PM

Bill Rudin (credit: STUDIO SCRIVO) and 560 Lexington Avenue

As Vodafone mounts a British invasion of the American telecommunications industry, the company is doubling its space at Rudin Management’s 560 Lexington Avenue in Midtown.

Vodafone had been subleasing the 22-story building’s ninth floor and will now occupy the entire eighth and ninth floors in a direct deal of just over 34,000 square feet. The building holds a total of 400,000 square feet, according to the Wall Street Journal.

Rents for the 15-year deal were not disclosed, but asking rates in the building, which sits on Lexington between 50th and 51st streets, start in the mid $60s per square foot. The building is in the process of being renovated, according to Rudin Management’s Bill Rudin. [WSJ, 3rd] — Tess Hofmann

 

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