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
New York City halts office-to-resi conversion at 222
Broadway
DOJ launches criminal investigation into camps owner Simad
Holdings, David and Michael Shabsels
Deal Diary: 9 Years, 39 Doors, and $20K a Month in Cash
Flow—Here’s How Jefferson Simmons Built His Portfolio
One Rental Property Saved Me From My 100-Hour
Workweeks
The “Repeatable” Strategy That Helped Him Buy 6 Rentals in 6
Months (Working 9-5)
Cash Flow vs. Appreciation: What Should Beginners Focus on?
(Rookie Reply)
6 Reasons Why Buyers Walk Away After Touring a Home
Location vs Property Size: What Matters More When Buying a
Home?
Low-Maintenance Living: Top Features That Make a Home Easier
to Maintain
Rybak bucks 485x slump with 500-unit Coney Island
development
