Vornado Realty Trust Names Cushman & Wakefield to Launch Leasing Program at Reinvented PENN 2 Office Tower in the Heart of Vornado’s PENN DISTRICT Campus

NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) today named Cushman & Wakefield as the exclusive leasing agent of PENN 2, its 1.8 million square-foot PENN DISTRICT office tower.

<sup>Vornado's PENN 2

Seventh Avenue between 31st and 33rd Streets</sup>

The Cushman & Wakefield agency team will be led by Bruce Mosler and Josh Kuriloff, who have recently been responsible for more than 7.7 million square feet in office leasing across Midtown Manhattan’s burgeoning West Side.

PENN 2 has been completely transformed into a world-class office environment geared toward today’s leading companies. The $750 million full-building redevelopment includes a highly efficient modern glass curtain wall; a striking triple-height lobby; 16 distinctive double-height outdoor tenant loggias; and a signature six story podium comprised of 105,000 square feet of column-free, double-height space. The project also features 72,000 square feet of outdoor green spaces including a massive outdoor terrace atop the podium and a lushly landscaped 17,000 square-foot private rooftop park serviced by an indoor glass pavilion that will be available to all tenants.

Home to Madison Square Garden’s global headquarters, the building will incorporate a 300 seat Town Hall space suspended above the 33rd Street plaza.  Used regularly as a social stair, the Town Hall will feature a highly flexible seating system suitable for large scale keynote talks, private screenings, formal banquets, conferences, workshops, and open floor exhibitions.

“We are excited to partner on PENN 2 with Cushman & Wakefield to continue our momentum in the PENN DISTRICT. This industry leading agency team has been most instrumental in the shifting of Midtown’s center of gravity to Manhattan’s Westside,” said Glen Weiss, Executive Vice President, Office Leasing and Co-Head of Real Estate at Vornado Realty Trust. “The reimagined PENN 2 appeals directly to innovation-oriented companies seeking an ultra-premium, hospitality-infused office environment that offers a one-seat ride for workers throughout the Metropolitan region.  We look forward to unveiling the new PENN 2 to the next generation of firms looking to join such stalwarts as Madison Square Garden, Meta, Morgan Stanley, Amazon, The Hartford, Cisco Systems and Samsung in the thriving PENN DISTRICT ecosystem.”