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Verizon Renews 172K-SF Lease at Lower Manhattan Data Center
Verizon Communication Inc. appears to have signed the biggest lease in Lower Manhattan during 2024’s third quarter, reported the New York Business Journal. The telecom firm renewed its 172,119-square-foot lease for a data center at Hudson Interxchange, a 929,000-square-foot building at 60 Hudson St. in Tribeca. The transaction was reported in Newmark’s Q3 Manhattan Office Market Overview.
The deal eclipsed StubHub’s sublease at 4 World Trade Center by nearly 70,000 square feet. Hudson Interxchange, owned by Cordiant Digital Infrastructure, is a 96-year-old building that was formerly the headquarters for telegraph company Western Union. Verizon occupies approximately 20% of the property.
More than 300 companies operate out of 60 Hudson St., including blue-chip carriers, internet companies, media firms and software-as-a-service providers, the Business Journal reported. Overall Lower Manhattan leasing activity reached 1.1 million square feet in Q3, a 46.9% increase from the previous quarter, according to Newmark.
Michael Brennan will receive Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!
- ◦Lease
