Verizon will relocate its New York headquarters to Penn 2, Vornado Realty Trust’s reimagined office tower in the heart of The Penn District campus.
As part of a 19-year lease, Verizon will occupy nearly 200,000 square feet in office space across the eighth through tenth floors of Penn 2, which includes exclusive access to more than 25,000 square feet of outdoor space. Verizon 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, executive vice president-office leasing and co-head of real estate for Vornado Realty Trust. “Our reinvention of The Penn District has produced a vibrant gateway to New York’s new West Side and represents a new era of workplace thinking, where dynamic environments, unparalleled connectivity and employee-focused design come together to inspire collaboration and innovation.”
Vornado’s Penn 2 transformation incorporates a new, modern and highly efficient curtain wall; a triple-height lobby; 16 distinctive double-height outdoor tenant loggias and The Bustle. The new Penn 2 also encompasses 30,000 square feet of curated retail, including The Dynamo Room, a 7,100-square-foot, full-service restaurant and bar from Sunday Hospitality. The building features 72,000 square feet of outdoor green spaces; The Perch, a rooftop glass pavilion and event space that opens onto a lushly landscaped 17,000-square foot private green space available to all tenants and a 280-seat Town Hall suspended above the 33rd Street promenade.
Penn 2 also serves as the corporate headquarters for Madison Square Garden, Universal Music Group and Major League Soccer. Together with its neighboring Penn 1, the towers create a two-building connected campus in the heart of The Penn District. The twin projects encompass 4.4 million square feet of premium office space, new and improved entrances to Penn Station and the surrounding subway system and acres of new public plazas, landscaping and granite stone-paved sidewalks.
All Penn District tenants have access to 180,000 square feet of Vornado’s WorkLife amenity package, highlighted by The Landing, a full-service restaurant, bar and private dining rooms; a 53,000-square-foot sports, wellness and fitness center and 100,000 square feet of flexible workspace and conference facilities.
A Cushman & Wakefield team led by Executive Vice Chairman Josh N. Kuriloff, Peyton Horn, Heather Thomas and Kyle Ernest represented Verizon. Vornado was represented in-house by Glen Weiss, Josh Glick, Jared Silverman and Anthony Cugini.
