search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraud
New York

Vodafone dials up at Rudin’s 560 Lex

British telecom company doubles space to 35K sq ft

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

Sign Up for the undefined Newsletter

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

 

Tags
Bill RudinRudin Management