Verizon Signs 143K-sf Lease at Essex Crossing

Telecommunications giant Verizon continues to downsize its footprint at 140 West Street, in Lower Manhattan, where the company has been located since 2005. Initially selling the upper portion of the building in 2013, which has since been converted to residential condominiums, followed by a move of its New York headquarters back to 1095 Avenue of the Americas, Verizon has now signed a 20-year lease to further relocate staff into 143,000 square feet at 155 Delancey Street on the Lower East Side. As part of the deal within the Essex Crossing complex, Verizon has the option to take the entire 350,000-square-foot office portion of 155 Delancey and 145 Delancey Street.