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NYC Housing Authority signs lease for office space in Brooklyn

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The New York City Housing Authority has signed a 20-year lease for 62,400 square feet of office space in the Telecom building at 470 Vanderbilt Avenue in Downtown Brooklyn. According to GFI Development, which purchased the building two years ago, NYCHA is consolidating a number of its offices around the city into the new location. The lease marks the first major tenant to come to the building, now less than 50 percent occupied, since GFI bought it two years ago.

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