Mitsui Fudosan Scores Facebook as Tenant at Hudson Yards

November 15, 2019 | Headlines, Investments, News, Real Estate

Social media giant leases 1.5 million square feet of office space.

Facebook is moving to Hudson Yards, the single largest private real estate project in the United States. The social media giant will lease 30 floors and three buildings in the West Side neighborhood of Manhattan.

According to a statement, the firm will take 1.2 million square feet of space at the 50 Hudson Yards tower. It will lease 265,000 square feet at 30 Hudson Yards. Finally, it will take up 57,000 square feet at 55 Hudson Yards.

Facebook Moves to Hudson Yards

Facebook released a study on its planned move to its new offices next year.

“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,” said John Tenanes, Facebook’s vice president of global facilities and real state. “Hudson Yards offered this and more, and we’re excited to expand our offices there starting in 2020.”

Hudson Yards and Facebook

The company’s primary New York office is now in Astor Place. The company further plans to maintain its office space at 770 Broadway, 225 Park Ave. South and 335 Madison Ave. The firm hasn’t announced how many employees will work at the new locations. It also hasn’t released any insight around the costs of its leases.

The real estate project opened in March 2019. Current or planned tenants include Tapestry, consulting firm BCG, and Alphabet branch Sidewalk Labs.

Related: Mapletree Commercial Buys Google’s HQ in Singapore

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