Altana AI Leases 62,000 SF Office Space At 2 Pennsylvania Plaza From Vornado Realty Trust

2 Pennsylvania Plaza is located in Midtown Manhattan and is an office asset leased by Altana AI, occupying 62,000 square feet. The asking rent for the lease is $125 per square foot. The lease term is set for 10 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 2 Pennsylvania Plaza
• Landlord: Vornado Realty Trust
• Tenant: Altana AI
• Tenant's CEO: Evan Smith
• Landlord's Representatives: Glen Weiss, Josh Glick, Jared Silverman, and Anthony Cugini - Vornado Realty Trust
• Tenant's Representatives: Joseph Sipala - JLL and Sam Seiler - CBRE
• Lease Term: 10 years
• Square Footage: 62,000
• Asking Rent: $125/ft

The lease marks a significant relocation and expansion for Altana AI, as they move from 25 Kent Avenue in Williamsburg to one of Midtown's premier office assets in the Penn District. Josh Glick and Jared Silverman facilitated the internal representation for Vornado Realty Trust in this transaction. Joseph Sipala and Sam Seiler played key roles in representing Altana AI during the lease agreement.