Capgemini Leases 43,000 Square Feet At 2 Pennsylvania Plaza In Midtown Manhattan For 10 Years

The transaction involved an office asset located at 2 Pennsylvania Plaza in Midtown Manhattan, comprising 43,000 square feet. The asking rent for the lease is set at $120 per square foot, and the lease agreement is for a duration of 10 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $120/ft
• Square Footage: 43,000
• Address: 2 Pennsylvania Plaza
• Market: Midtown Manhattan
• Landlord: Steven Roth - Vornado Realty Trust
• Tenant: Aiman Ezzat - Capgemini
• Landlord's Rep: Josh Glick, Jared Silverman & Anthony Cugini - Vornado Realty Trust; Bruce Mosler & Josh Kuriloff - Cushman & Wakefield
• Tenant's Rep: Chad Baker, Bill Peters & Scott Cahaly - JLL
• Lease Type: 10-year

Capgemini is relocating its New York office from 79 Fifth Avenue to the 22nd floor at Vornado’s Penn 2. The deal showcases a collaboration between various individuals and agencies, including Vornado Realty Trust representing the landlord and JLL representing the tenant in this comprehensive agreement.