StockWatch
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Real Estate Investment Trusts
PropertyJun 9, 2026, 08:31 AM

Vornado's PENN 2 Office Tower 90% Leased with New Deals

AI Summary

Vornado Realty Trust announced that its reimagined PENN 2 office tower in THE PENN DISTRICT campus is now 90% leased. This milestone was achieved with new full-floor leases from Altana AI for 62,309 square feet and Veeva for 62,223 square feet. The 31-story tower, which has undergone a complete reinvention, now hosts a roster of blue-chip companies and offers extensive amenities, contributing to the 4.4 million square feet PENN DISTRICT campus.

Key Highlights

  • Vornado's PENN 2 office tower is now 90% leased.
  • Veeva secured a 12-year lease for 62,223 sq ft on the 11th floor.
  • Altana AI signed a 10-year lease for 62,309 sq ft on the 21st floor.
  • PENN 2 is a 31-story tower in THE PENN DISTRICT campus.
  • The PENN DISTRICT campus encompasses 4.4 million sq ft of office space.
  • PENN 2 features 72,000 sq ft of outdoor green spaces.
  • It also includes 30,000 sq ft of curated retail space.
  • Tenants access 180,000 sq ft of Vornado's WorkLife amenities.