Re: Verizon Building Tower
As you know, Verizon last year sold 185 Franklin Street and is leasing back space from the new owner, the 185 Franklin Street, LLC. I am writing to inform you that Verizon is making a long-term commitment to maintain our presence in the facility. Later today, the owner will formally announce a 10-year agreement with Verizon Corporation which will solidify Verizon as the anchor tenant at this site over the next decade.
In terms of what this means for you, most of the employees currently located at Franklin Street will continue to work at the facility.
Verizon Services Operations (VSO) Real Estate continues to work with local department move coordinators on those relocation plans. I want you to know what you can expect:
* As part of the planning process, the move team is actively working to minimize disruptions to employees.
* Employees will occupy floors 3 through 7 once the moves are complete.
* The moves will take approximately 1 year to complete.
This is part of an effort by VSO Real Estate to support the requirements of Verizon?s functional departments, the company?s overall business imperative to increase profitability and margins, and to create a working environment that is good for employees, good for Verizon and benefits our customers.
You have my commitment that our planning team will do its best to keep you informed. If there are additional concerns, please contact your move coordinator or local management so they can work with your VSO RE Planning Manager
VSO Real Estate