Meta leases from Vornado again, this time for retail space

by The Real Deal

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.
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