Samsung Signs 10-Year Lease For 36,000 SF At Vornado's Penn 1 Office Building | 1 Pennsylvania Plaza | Simon Landmann, Matthew Astrachan | Office | Lease

Summary

Lease

NEW YORK

Office

36,000 sqft

Samsung has signed a lease for the entire 26th floor of the Penn 1 office building at 1 Pennsylvania Plaza in New York. The lease spans 36,000 square feet and has a term of 10 years. The office building is owned by Vornado Realty Trust and is currently undergoing renovations. The asking rent for the space is $100 per square foot.

Summary of transaction details

Property Type: Office
Transaction Amount: Not specified
Address: 1 Pennsylvania Plaza
Market: New York

The landlord of the Penn 1 office building is Vornado, represented by Josh Glick and Jared Silverman. The tenant, Samsung, has secured the lease through the brokers Matt Astrachan and Simon Landmann of JLL. This lease agreement marks significant progress for Vornado in leasing out the renovated space of the building.

Players

All
3

Agents
2
Agencies
1

Simon Landmann

Executive Vice President

Matthew Astrachan

Vice Chairman

JLL

Details

Deal Summary

LEASED

IMAGE: Jared Silverman, Steven Roth, Josh Glick & Anthony Cugini DATE: 05/24/2023 ADDRESS: 1 Pennsylvania Plaza MARKET: New York ASSET TYPE: Office LANDLORD: Vornado (@Vornado) - Josh Glick & Jared Silverman TENANT: Samsung (@Samsung) BROKERS: Matt Astrachan & Simon Landmann - JLL (@JLL) ASKING RENT: $100/ft. ~ SF: 36,000 LEASE TERMS: 10 year deal NOTE: Samsung has signed a lease for the entire 26th floor, spanning 36,000 square feet, at Vornado Realty Trust's Penn 1 office building. The deal marks significant leasing progress for Vornado as it continues to renovate 700,000 square feet of the 2.53 million square-foot building, with an asking rent of $100 per square foot.

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Address1 Pennsylvania Plaza

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