Like OG Anunoby, Steven Roth can’t cease scoring within the Penn District.
For the second time in weeks, Vornado Realty Belief landed a tenant for greater than 60,000 sq. ft at Penn 2. This time, the tenant is synthetic intelligence information agency Altana, which signed a 10-year lease for 62,000 sq. ft on the twenty first flooring, the Business Observer reported.
The corporate is relocating from International Holdings’ 25 Kent Avenue in Williamsburg, the place it has occupied greater than 20,000 sq. ft since 2022. The asking hire for its Penn 2 house was roughly $125 per sq. foot.
“Penn 2 sits on the heart of one of the related hubs on this planet,” Altana chief government officer Evan Smith stated in an announcement.
CBRE’s Sam Seiler and JLL’s Joseph Sipala represented the tenant within the deal, however it’s unclear who represented the owner. Seiler and Sipala declined to remark to the publication.
Penn 2 is turning into a bona fide tech hub within the coronary heart of Manhattan. Final week, information agency Veeva Techniques signed a 10-year lease for 62,000 sq. ft on the eleventh flooring of the constructing, relocating its New York workplaces from 1375 Broadway. The asking hire on its Penn 2 house was $110 per sq. foot.
In November, cellular banking firm Present signed a 10-year lease for a bit more than 62,000 square feet on the twenty third flooring of Penn 2; the asking hire was $125 per sq. foot.
Information safety agency AvePoint signed an 8,000-square-foot lease in March, whereas French consulting firm Capgemini signed a deal for 43,000 sq. ft on the finish of final 12 months.
Communications and consulting agency FGS Global just lately signed a 15-year lease for 80,000 sq. ft at Penn 2. Final summer season, Verizon inked a 200,000-square-foot lease with plans to maneuver its headquarters to the 1.8 million-square-foot constructing, previously referred to as 2 Penn Plaza.
Different tenants embrace Madison Sq. Backyard’s company workplaces, Major League Soccer and Universal Music Group.
Penn 2 just lately underwent a $750 million renovation aimed toward attracting blue-chip tenants. The 31-story tower was 78 % leased after Present’s deal.
Learn extra
Vornado adds 62K sf lease to winning streak at Penn 2
Fintech company Current inks 62K sf lease at Vornado’s Penn 2
FGS Global inks 80k sf lease at Vornado’s Penn 2
