Facebook inks 10-year deal at Vornado’s 770 Broadway

TRD New York /
Jun.June 03, 2013 11:00 AM

Now, it’s Facebook official. The $60 billion company has signed a 10-year deal for about 100,000 square feet at Vornado Realty Trust’s 770 Broadway, after considering 160,000 square feet last month, Crain’s reported.

When many tech companies are logging out of Midtown South, Facebook will take the seventh and eighth floors of the 15-story, 1.1-million-square-foot building, between East 8th and East 9th streets. The tower also houses AOL, the Huffington Post and J. Crew. The social media giant will spend in the mid $70s per square foot on rental rates, as part of its expansion, Crain’s said.

Elsewhere in Manhattan, Facebook has 150,000 square feet at 335 Madison Avenue, between East 43rd and East 44th streets.

The tech industry has its sights on the Times Square area, the Garment District and downtown, the Wall Street Journal reported. About.com, Nielsen Communications, 10gen and Sandow Media relocated from Midtown South in the past year, largely because of falling vacancies and rising rents there, the Journal said.

Also, Yahoo just signed a 10-year deal at the 767,000-square-foot Blackstone Group-owned New York Times building, at 229 West 43rd Street. As of last month, Yahoo and Microsoft had snapped up 633,000 square feet of space in Times Square over the last 18 months, as previously reported. [Crain’s] and [WSJ]Mark Maurer


Related Articles

Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)

Free and clear: Vornado pays off debt at 220 CPS

Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)

“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call

Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)

Facebook close to finalizing Hudson Yards office deal: report

Clockwise from left: 1290 Sixth Avenue, 40 Wall Street, President Donald Trump, Trump National Doral in Miami and Trump International Hotel in Washington, DC (Credit: Getty Images, Vornado, Wikipedia)

Trump Org’s office holdings help offset hotel losses: analysis

From left: Jeff Bezos with 212 Fifth Avenue and Ken Griffin and Sting with 220 Central Park South (Credit: Getty Images, StreetEasy)

Records, records and more records: Resi deals set higher bar in 2019

Blackstone's Jonathan Gray and an aerial of Industry City (Credit: Getty Images and Google Maps)

Industry City gets $720M refinancing

From left: Blackstone's Jonathan Gray, Joseph Simone of Simone Development and 535 Zerega Avenue in the Bronx (Credit: Google Maps, Simone Development)

Blackstone buys Bronx warehouse for $29M from controversial carter

220 Central Park South and Vornado chairman Steven Roth (Credit: Google Maps, Getty Images, iStock)

At 220 CPS, three deeds in one day fetch $150M