In one of the largest deals of 2019, Facebook has signed for 1.5 million square feet of office space across 30 floors and three buildings at Hudson Yards. The social media giant will take approximately 1.2 million square feet in 50 Hudson Yards, some 265,000 square feet in 30 Hudson Yards and 57,000 square feet in 55 Hudson Yards.
“New York’s vibrant communities, strong business economy and diverse talent base first attracted us to the city in 2007,” said John Tenanes, vice president of global facilities and real estate at Facebook. “When considering the next phase of our growth in the city, it was important that our newest office space was situated in the heart of a vibrant community that offered access to arts, culture, media and commerce. Hudson Yards offered this and more, and we’re excited to expand our offices there starting in 2020.”
30 Hudson Yards was developed by Related Companies and Oxford Properties Group. 50 and 55 Hudson Yards were developed by Related Companies, Mitsui Fudosan America and Oxford Properties Group. Cushman & Wakefield represented Facebook in the transaction and Related handled the negotiations in-house.
30 Hudson Yards is fully committed, 55 Hudson Yards is 99% percent committed and 50 Hudson Yards is now 75% leased more than two years prior to occupancy.
