Canaccord Genuity Group Signs 15-Year Lease For 73K SF At Vornado Realty's Penn 1 Property

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.