Monday, May 27, 2013

Facebook Expanding in NYC

Facebook is negotiating to take 160,000 square feet at 770 Broadway in midtown south, reports Crain's  New York.

Facebook is negotiating to lease the entire seventh and eighth floors at 770 Broadway, a 15-story building that occupies the full block between East Eighth and East Ninth streets.

Facebook's New York office is currently at 335 Madison Ave., between East 43rd and East 44th streets, where it leased 150,000 square feet in late 2010. That office is home to advertising and sales staff, but according to written reports last year, Facebook had also started bringing on programmers and engineers, competing with other tech companies and Wall Street for talent.

It was not clear whether Facebook would continue to occupy that space or sublease it to another tenant if it completes the deal at 770 Broadway, says CNY.

Several sources say Facebook has been looking for expansion space in Manhattan for months and that executives at the company wanted an outpost in Silicon Alley, the nickname given to midtown south as it has attracted dozens of tech companies and startups in recent years.

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