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