Vornado adds marketing firm at Two Penn Plaza

UBM combines three offices into one 26,000-square-foot space

New York /
Aug.August 18, 2014 11:30 AM

Vornado Realty Trust signed marketing and communications firm UBM to a 26,444-square-foot space at Two Penn Plaza in Midtown.

UBM, which acquired Canon Communications in 2010 for $287,000, inked a 10-year lease that consolidates three of its offices into one space. The company currently occupies an office in Manhasset on Long Island and two additional locations in the city.

Jared Silverman and Craig Panzirer of Vornado represented the landlord in-house, while Cassidy Turley’s Richard Bernstein and Adam Ardise represented the tenant.

“A lot of buildings don’t have the infrastructure to support the type of density they operate under,” Ardise told the Wall Street Journal.

The Dolan family’s Madison Square Garden Company renewed 257,541 square feet on six separate floors at the 1.5-million-square-foot 2 Penn Plaza in July, as The Real Deal reported. [WSJ, 3rd]Mark Maurer


Related Articles

arrow_forward_ios
Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)
Free and clear: Vornado pays off debt at 220 CPS
Free and clear: Vornado pays off debt at 220 CPS
Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
Steven Roth, CEO of Vornado and 640 Fifth Avenue (Credit: Getty Images and Vornado Realty Trust)
Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
Vornado ceo Steven Roth and One Penn Plaza (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Vornado Realty Trust)
Vornado’s Roth sees “choppy” market, chides Penn skeptics
Vornado’s Roth sees “choppy” market, chides Penn skeptics
Edmonton Oilers' Daryl Katz with 220 Central Park South
Oilers owner buys $36M pad at Vornado’s 220 CPS
Oilers owner buys $36M pad at Vornado’s 220 CPS
Vornado’s Steven Roth and Governor Kathy Hochul with Penn 15 and Penn Station (Getty, DBOX, MTA)
Penn Station vote clears way for deals with developers
Penn Station vote clears way for deals with developers
City Planning Commissioner Hope Knight and a rendering of the new Penn Station (NYC Department of City Planning, Getty Images)
State greenlights massive Penn Station development plan
State greenlights massive Penn Station development plan
Vornado's Steve Roth, NY State governor Kathy Hochul and Moynihan Train Hall (Getty Images, iStock, Moynihan Train Hall)
Vornado in line for $1.2B tax break at Penn: report
Vornado in line for $1.2B tax break at Penn: report
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...