Meta leases from Vornado again, this time for retail space
Mark Zuckerberg is back in business with Vornado Realty Trust. This time, however, he’s not leasing office space from Steven Roth. Meta signed a 10-year, 15,000-square-foot deal to lease the entire five-story townhouse at 697 Fifth Avenue in Midtown Manhattan, according to the Commercial Observer. The space will be used to sell virtual reality headsets and smart glasses, which are manufactured in conjunction with Ray-Ban. Meta’s already spent time testing the store concept with a 5,000-square-foot pop-up that launched in the same space in November. Now, the company is making it official with its first permanent brick-and-mortar store on the […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Inside the Search: Choosing the Right Deal in Chicago With
Taka Buranda
It’s a Family Affair: Multigenerational Living Rental Can
Help Landlords Boost Income While Offering Tenants
Affordability
PolicyPro: J-51 reboot flops for rent-regulated landlords,
boosts co-ops and condos
Hotel union deal puts cleaners on track for $100K
salaries
Mamdani targets Brooklyn corridors for major housing
push 
Saunders partners with Premier Estate Properties to link
ultralux markets
RealPage rent-fixing settlements pass $200M (and
counting)
Record High Mortgage Debt Sounds Scary. Here’s What the
Headlines Leave Out.
Richard Born dumps Chambers Hotel for $66M
NYC’s top deals: Benchmark scoops up $42M apartment complex
on UWS
