**Robinhood and Dick’s Sporting Goods Each Lease 125K SF at Vornado’s Penn 2**
Bay Area-based fintech firm Robinhood and retailer Dick’s Sporting Goods have each leased approximately 125,000 square feet of office space at Penn 2, a 1.6 million-square-foot office tower owned by Vornado Realty Trust, according to CBRE.
Robinhood secured 125,392 square feet through a sublease at the Midtown Manhattan building, while Dick’s Sporting Goods signed a direct lease for 125,284 square feet. These deals represent the two largest office leases signed in Midtown Manhattan during the month of October.
The Midtown submarket recorded 1.62 million square feet of leasing activity in October, which is 32% higher than the five-year monthly average of 1.23 million square feet. Year-to-date leasing activity in Midtown is also up 23% compared to the same period last year.
Both companies already have existing office footprints in Lower Manhattan. Robinhood currently occupies space at 413 W. 14th Street, and Dick’s Sporting Goods signed a 26,000-square-foot lease at the Zero Irving building in 2022.
Vornado is actively marketing an additional 436,000 square feet of available office space at Penn 2.
