Tuesday, August 4, 2020

Facebook Signs Massive New York City Office Space Deal

The Farley Building
Apparently, at least Facebook thinks office space will be required in the post-COVID-19 world.

Facebook Inc. has signed a lease for all of the office space at the Farley Building, a former post office on Manhattan’s west side that’s being redeveloped by Vornado Realty Trust, reports Bloomberg.

Zuck's company will take over 730,000 square feet of space at the site, located adjacent to the Pennsylvania Station rail hub. The entire complex, which also will include a new train hall and 120,000 square feet of retail space, is expected to be completed in phases starting late this year.

“The Farley Building will further anchor our New York footprint and create a dedicated hub for our tech and engineering teams,” said Robert Cookson, a vice president of real estate and facilities at Menlo Park, California-based Facebook. “We look forward to being a part of this iconic New York City landmark’s future for years to come.”

The leasing deal is one of New York’s biggest this year.


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