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Facebook leases 730K square feet in NYC

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Facebook signed a lease for all of the office space in the landmark Farley Building of New York City.

The social media network agreed to lease 730,000 square feet in the building located across the street from Madison Square Garden. Terms of the deal were undisclosed.

A Facebook spokesperson said the office space would be used as a technology and engineering hub as the company expands its presence in New York.

Read more from Reuters.

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