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2 clusters · 3 sources · 19 days · First seen · Last updated

Corporate leasing activity at Penn 1

Overview

The Penn 1 office tower in Midtown Manhattan, managed by Vornado Realty Trust, has seen significant leasing activity from major corporate tenants.

In early September, HR technology company Gusto doubled its presence in the building, expanding its total footprint to 76,000 square feet through a combination of a 13-year lease expansion and a five-year renewal. Later in the month, Swiss athletic apparel company On announced it would relocate its New York City headquarters to the tower, occupying 85,000 square feet across two floors.

Entities

CBRE · Gusto · Roger Federer · Penn 1 · Kylian Mbappé

Timeline

  1. [BUSINESS] 2 sources
    On moves NYC headquarters to Vornado’s Penn 1

    Swiss sneaker brand On is moving its New York City headquarters to Vornado Realty Trust’s Penn 1, signing a 15-year lease for 85,000 square feet in Midtown.

  2. [BUSINESS] 2 sources
    Gusto doubles office footprint at Vornado’s Penn 1

    HR tech firm Gusto is doubling its presence at Vornado Realty Trust’s Penn 1 tower in Midtown Manhattan, expanding its total footprint to 76,000 square feet.

Sources

commercialobserver.com · it-boltwise.de · therealdeal.com