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 knowledge 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 World Holdings’ 25 Kent Avenue in Williamsburg, the place it has occupied greater than 20,000 sq. ft since 2022. The asking lease for its Penn 2 house was roughly $125 per sq. foot.
“Penn 2 sits on the heart of one of the related hubs on the 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 changing into a bona fide tech hub within the coronary heart of Manhattan. Final week, knowledge agency Veeva Methods 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 lease on its Penn 2 house was $110 per sq. foot.
In November, cell banking firm Present signed a 10-year lease for slightly more than 62,000 square feet on the twenty third flooring of Penn 2; the asking lease 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 yr.
Communications and consulting agency FGS Global 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 generally known as 2 Penn Plaza.
Different tenants embrace Madison Sq. Backyard’s company workplaces, Major League Soccer and Universal Music Group.
Penn 2 lately underwent a $750 million renovation aimed toward attracting blue-chip tenants. The 31-story tower was 78 p.c leased after Present’s deal.
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Vornado adds 62K sf lease to winning streak at Penn 2
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