Evan Spiegel Of Snap Inc Leases Office Space From Steven Roth Of Vornado Realty Trust

The property asset involved in this transaction is an office space located at 2 Pennsylvania Plaza in the Penn District. The lease encompasses a total square footage of 198,983 and includes floors eight through ten of the building, with an agreement in place until 2044.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 2 Pennsylvania Plaza
• Market: Penn District
• Landlord: Steven Roth - Vornado Realty Trust
• Tenant: Evan Spiegel - Snap Inc
• Brokers: Josh Kuriloff, Heather Thomas, Peyton Horn, Kyle Ernest, Ethan Silverstein, Amy Zhen & Bianca DiMauro - Cushman & Wakefield

This lease marks Snap Inc. taking over Verizon’s previous office sublease at Vornado Realty Trust’s Penn 2, which emphasizes the significant commitment of Snap Inc. to occupy this space long-term. The transaction involves key broker representatives from Cushman & Wakefield, facilitating the agreement between the landlord and tenant.