Facebook Leases Workplace at Landmark New York Building

Facebook agreed to lease 730,000 square feet at Farley, a building that occupies a double-wide block facing Ninth Avenue.

Share on Facebook Tweet Snapchat Share Reddit Comment
Facebook Leases Workplace at Landmark New York Building

Spokeswomen for both Facebook and Vornado declined to discuss specifics of the deal

Highlights
  • Terms of the deal were not disclosed by Facebook
  • Facebook agreed to lease 730,000 square feet at Farley
  • The leased space in the Farley Building is expected to open in late 2021

Facebook has leased all the office space at the landmark Farley Building, a 1912 Beaux Arts former post office in Manhattan, in a deal that marks a major expansion of the company's business operations in the city.

Terms of the deal were not disclosed by Facebook and the property's majority owner, Vornado Realty Trust.

Facebook agreed to lease 730,000 square feet at Farley, a building that occupies a double-wide block facing Ninth Avenue across the street from Madison Square Garden, the two companies said in a statement.

Facebook spokeswoman Jamila Reeves said Farley will be a tech and engineering hub that will allow the company to grow teams in New York that before were located in the company's San Francisco and Menlo Park headquarters in California.

The leased space in the Farley Building is expected to open in late 2021, Reeves said. Manhattan is Facebook's largest operation on the East Coast, with just over 4,000 employees, more than half of whom are engineers, she said.

The lease reinforces New York's position as the nation's second tech hub, said Steven Roth, chairman and chief executive of Vornado.

Spokeswomen for both Facebook and Vornado declined to discuss specifics of the deal, long heralded by media.

© Thomson Reuters 2020


Is Nord the iPhone SE of the OnePlus world? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Facebook
OnePlus Nord Open Sale Delayed to August 6 Due to ‘Unprecedented Demand During Pre-Order’
Moto E7 Plus With 4GB RAM, Octa-Core Qualcomm Snapdragon Processor Spotted on Geekbench

Related Stories

 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2020. All rights reserved.
Listen to the latest songs, only on JioSaavn.com