Vornado Realty Trust has brought its reimagined PENN 2 office tower to 90% leased after signing new full-floor commitments with Altana AI and Veeva. The property is part of the broader Penn District campus and has been marketed as a significantly upgraded workplace located above what the company describes as the most connected transportation hub in the Western Hemisphere.
Veeva has committed to 62,223 square feet across the building’s entire 11th floor under a 12-year lease. The lease gives Veeva a full-floor presence in PENN 2 and contributes to the building’s high occupancy level following its repositioning.
Altana will establish its new headquarters at PENN 2, taking the entire 21st floor in a 10-year lease covering 62,309 square feet. The headquarters designation underscores the tower’s role as a base for corporate users seeking modern office space within the Penn District campus.
Vornado describes PENN 2 not as a simple renovation but as a complete reinvention of a former legacy office tower into a “world-class work environment.” The repositioning effort is intended to align the building with current tenant expectations for upgraded office product while leveraging its location above a major regional transportation hub.
According to Glen Weiss, executive vice president of office leasing and co-head of real estate for Vornado, PENN 2 has become the headquarters location for multiple well-known companies. Existing tenants cited by Weiss include Madison Square Garden Entertainment, Universal Music Group, Major League Soccer, Verizon and Dick’s Sporting Goods. He said Vornado is pleased to add Altana and Veeva to what he characterized as a best-in-class tenant roster at the tower.
With the latest full-floor leases in place, PENN 2’s lease-up reflects continued demand from a mix of established and growth-oriented companies for upgraded office space in the Penn District campus. The building’s tenant mix now spans entertainment, media, professional sports, telecommunications, retail and technology-oriented users, all of which have opted for headquarters or major office commitments at the property.
