Canaccord Genuity Group Signs 15-Year Lease For 73K SF At Vornado Realty's Penn 1 Property | 242 West 34th Street | Paige Engeldrum, Robert Lowe | Office | Lease

Summary

Lease

NEW YORK

Office

73,000 sqft

Canaccord Genuity Group has signed a 15-year lease for 73,000 square feet at Vornado Realty Trust's Penn 1 property in Midtown. The office space is located at 242 West 34th Street in New York. The property is owned by Vornado Realty Trust and is being leased to Canaccord Genuity Group, an international financial services company.

Summary of transaction details

Property Type: Office
Transaction Amount: Not specified
Address: 242 West 34th Street
Market: New York

The lease deal was facilitated by Robert Lowe and Paige Engeldrum, brokers from Cushman & Wakefield, who represented both the landlord, Vornado Realty Trust, and the tenant, Canaccord Genuity Group. The asking rent for the property was $103 per square foot. The lease term is set for 15 years.

Players

All
3

Agents
2
Agencies
1

Details

Deal Summary

LEASED

IMAGE: Robert Lowe & Paige Engeldrum DATE: 07/24/2023 ADDRESS: 242 West 34th Street MARKET: New York ASSET TYPE: Office LANDLORD: Vornado Realty Trust (@VornadoRealtyTrust) TENANT: Canaccord Genuity Group BROKERS: Robert Lowe & Paige Engeldrum - Cushman & Wakefield (@CushWake) ASKING RENT: $103/ft ~ SF: 73,000 LEASE TERM: 15-year lease NOTE: Canaccord Genuity Group has signed a 15-year lease for 73,000 square feet at Vornado Realty Trust's Penn 1 property in Midtown.

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Address242 West 34th Street

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