Vornado Realty Trust said Tuesday that Verizon will relocate its New York headquarters to PENN 2 in the reimagined Penn District campus. The telecommunications giant will occupy 203,000 square feet in office space in a 19-year lease and will also establish a flagship retail location on Seventh Avenue.
“We are thrilled to welcome Verizon to the growing roster of world-renowned business, communications, technology, finance and entertainment firms that have chosen the Penn District for their corporate homes,” said Glen Weiss, EVP – office leasing and co-head of real estate at Vornado. PENN 2 also serves as the corporate headquarters for Madison Square Garden, Universal Music Group and Major League Soccer. The tower and the neighboring PENN 1 create a two-building campus totaling 4.4 million square feet.
A Cushman & Wakefield team led by Josh N. Kuriloff, Peyton Horn, Heather Thomas, and Kyle Ernest represented Verizon. Vornado was represented in-house by Weiss, Josh Glick, Jared Silverman and Anthony Cugini.
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