Tuesday, February 26, 2013

Vornado Renews Macy's 646,000-SF Lease

National Commercial Real Estate News From CoStar Group

Vornado Renews Macy's 646,000-SF Lease

Vornado Realty Trust (NYSE: VNO) has extended its lease with Macy's (NYSE: M) for 646,000 square feet at Eleven Penn Plaza. The extension places the retail giant at the building through 2035.

11 Penn Plz in Manhattan's Penn Plaza / Garment District is a 23-story, 1.05 million-square-foot, class A office building originally constructed in 1923 between 31st and 32nd Streets. Also known as the Matthew Bender Building, the property features ground...

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