Vornado Realty Trust’s PENN 2 achieves 90% leased

Manhattan, NY Vornado Realty Trust’s PENN 2, a reimagined office tower in The Penn District campus, is now 90% leased after completing full-floor leases with both Altana AI and Veeva.

Veeva will occupy 62,223 s/f across PENN 2’s entire 11^th floor under a 12-year lease. Veeva, a provider of cloud software, AI, data and consulting services tailored for the global life science community, helps companies develop and bring products to the market more efficiently.

In a 10-year, 62,309 s/f lease agreement, Altana will establish its new headquarters on the entire 21^st floor of the 31-story tower. Altana’s AI-powered trusted trade network connects the world’s largest logistics providers, businesses, and their suppliers with government agencies like U.S. Customs and Border Protection — all around a shared source of product information. Businesses connect to Altana to automate trade compliance, navigate tariff complexity, and build supply chain resilience. Government agencies connect to Altana to design and enforce trade and economic security policies.

“We didn’t merely renovate PENN 2 – we completely reinvented it, transforming a once legacy office tower into a world-class work environment atop the most connected transportation hub in the Western Hemisphere,” said Glen Weiss, executive vice president - office leasing and co-head of Real Estate for Vornado Realty Trust. “The most impressive aspect is the fact that PENN 2 has become the headquarters for so many iconic blue-chip companies, including Madison Square Garden Entertainment, Universal Music Group, Major League Soccer, Verizon and Dick’s Sporting Goods. We are pleased to welcome Altana and Veeva to PENN 2’s best in class tenant roster.”

“New York City has been a key Veeva hub for tech and consulting talent,” said Sarah Caldwell, New York City site leader and CEO of Veeva Crossix. “We’re excited that the new space will support more employee and customer connection and provide both a productive and collaborative environment.”

Altana CEO and co-founder Evan Smith said, “Our mission is to fix globalization. PENN 2 sits at the center of one of the most connected hubs in the world — it’s exactly the kind of place where that work should happen.”

Vornado completely transformed PENN 2 by creating a modern and highly efficient curtain wall, a striking triple-height lobby and 16 double-height outdoor tenant loggias. The building features 72,000 s/f of outdoor green spaces; The Perch, a rooftop glass pavilion and event space that opens onto a landscaped 17,000 s/f private green space available to all tenants; and a 280-seat Town Hall suspended above a pedestrian plaza on 33^rd St. The new PENN 2 also encompasses 30,000 s/f of curated retail, including The Dynamo Room, a 7,100 s/f full-service restaurant and bar by Sunday Hospitality.

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 s/f of premium office space; a host of 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 s/f of Vornado’s WorkLife program, the most extensive and an amenity package in the City, highlighted by The Landing, a full-service restaurant, bar and private dining rooms; a 53,000 s/f sports, wellness and fitness center; and 100,000 square feet of flexible workspace and conference facilities.

THE PENN DISTRICT campus is situated directly above Penn Station, North America’s most accessible and active mass transit hub. A total of 15 subway lines, along with Long Island Rail Road, New Jersey Transit, PATH and Amtrak all converge in the district. They will be joined by Metro-North commuters starting in 2027.