Verizon leases 140,000 s/f at Essex Crossing


Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment Group within Goldman Sachs Asset Management, today announced that tech giant Verizon has leased 140,000 s/ft of state-of-the-art, Class A office space at Essex Crossing.

Verizon will become the development’s anchor office tenant.

“Essex Crossing represents the future of work, and Verizon took notice,” said Charles Bendit, co-founder and co-CEO of Taconic Partners, the partner leading the commercial development, leasing and management of the offices.

“Tenants will enjoy an amenity-rich campus environment, with every need just steps away. Over one hundred food options, convenient transportation, private outdoor space and more. This lease is a jolt of confidence in New York City’s return to office and demonstrates that employers are still committed to providing employees with a superior, highly curated workplace experience.”

One of the world’s largest communications technology companies, Verizon will house its marketing group within the Lower East Side space. The company has leased 155 Delancey, one of Essex Crossing’s two office buildings.   Verizon will move hundreds of employees from its building at 140 West St. to the third through 5th floors of 155 Delancey.

The Offices at Essex Crossing comprise approximately 350,000 s/f amongst two buildings (145 and 155 Delancey), with floor plates ranging from 35,000 – 52,000 RSF, private outdoor terraces and open green space, tenant-controlled HVAC systems to help combat the spread of airborne viruses, and in-office bike storage with showers and lockers.

Original Source: Real Estate Weekly, Read Full Article Here