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Facebook Signs Hudson Yards Mega-Lease Across 3 Buildings
Facebook will lease more than 1.5 million square feet of office space across 30 floors and three buildings at Hudson Yards. The lease deal includes approximately 1,200,000 square feet in 50 Hudson Yards, approximately 265,000 square feet in 30 Hudson Yards and approximately 57,000 square feet in 55 Hudson Yards.
30 Hudson Yards was developed by Related Companies and Oxford Properties Group, while 50 and 55 Hudson Yards were developed by Related, Mitsui Fudosan America and Oxford. Cushman & Wakefield represented Facebook, and Related handled negotiations in-house. Kramer Levin’s Jonathan Canter and Megan Seirle provided legal counsel to Related.
Related CEO Jeff T. Blau called the Facebook lease “an extraordinary commitment to New York City and Hudson Yards.”
With Facebook’s lease, 30 Hudson Yards is fully committed, 55 Hudson Yards is 99% committed and 50 Hudson Yards, anchored by BlackRock, is now 75% leased two-and-a-half years prior to occupancy.
For comments, questions or concerns, please contact Paul Bubny
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