Verizon, one of the nation’s leading broadband and wireless communications companies, has signed a 60,000 s/f long-term lease renewal at the Rudin Family’s 32 Avenue of the Americas in TriBeCa.
The telecommunications giant, a tenant for the past 13 years, will continue to occupy 50,000 s/f on the entire 11th floor and 10,000 s/f on a portion of the 15th floor at the landmarked 27-story art deco tower,.
The building is widely acknowledged as one of the city’s leading centers for technology, media and telecommunications. Verizon currently uses the space for its regional telecommunications and switching operations.
“As digital technology continues to evolve at warp speed, we’re proud that Verizon has decided to remain at 32 Avenue of the Amercias, which is perfectly equipped to handle the telecommunications needs of the future,” said Bill Rudin, co-vice chairman and CEO of Rudin Management Company, the operating arm of Rudin Family holdings.
Robert Steinman, vice president at Rudin Management Company, represented the building’s ownership in the 10-year leasing transaction, while Joseph F. Harkins of Cushman & Wakefield represented Verizon.
The deal comes on the heels of the newly-established 73,000 s/fstrategic partnership between the Rudins and cloud enablement provider, Telx.
The 1.2 million square foot office tower boasts a state-of-the-art infrastructure that includes access to primary and emergency power sources, redundant HVAC systems, fuel storage capacity, access to over 50 networks and floor loads designed to support the needs of today’s media and communications companies.
Rudin’s 32 Avenue of the Americas — formerly known as the AT&T Long Lines Building — is the one of the most historically significant telecom buildings in the City of New York.
The first transatlantic telephone call via cable was switched through this facility in 1956. It connected Europe with the North American long distance network linking New York with 360 cities in the United States and Canada via wire for the first time in history.
Other tenants at 32 Avenue of the Americas include Coresite, XO Communications, Tata Communications, CenturyLink, T-Mobile, Cogent, Bell Canada, Clear Channel Communications, Cambridge University Press and New York University.