11 Penn Plaza | The Real Deal New York

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11 Penn Plaza

11 Penn Plaza
New York, NY 10001
(212) 894-7438
Website
Office, Leasing/Rental

Eleven Penn Plaza is a 23-story, 1.1-million-square-foot office building dating to 1923. Its home to tenants including the Macys department-store chain. AMC Networks, creator of television series including Mad Men, Walking Dead and Breaking Bad, said in December 2014 it would expand by 40,000 square feet, after more than 10 years in the building. The deal brought AMCs occupancy to 330,000 square feet at the property, where asking rents are in the $60s per square foot. The building occupies the eastern blockfront of 7th Avenue between 31st and 32nd Streets, across the street from Madison Square Garden.

Vornado, which owns a total of about 9 million square feet of commercial property in the Penn Plaza District, including One Penn Plaza and Two Penn Plaza, realized proceeds of $107 million from a $450 refinancing of the property in late 2013.

Vornado Executive Vice President and Director of Leasing Glen Weiss, a self-described Vornado lifer, started a summer job as a porter in the building at age 16 in 1986, working for the Mendik Company, now a Vornado subsidiary.

-NE

  • Year Built 1926
  • square feet 1,103,075
  • block and lot 1-00807-0001
  • BIN 1015175

10/04/16
...-story building from another Vornado property nearby at 11 Penn Plaza, Crain’s reported. Rents in the 10-year deal start at $67 per square foot and...

...Trust’s 112 West 34th Street two blocks east. #7 11 Penn Plaza 11 Penn Plaza Sitting across the street from Penn Station, 11 Penn Plaza is just a...

...will soon redesign AMC Networks’ 350,000-square-foot headquarters at 11 Penn Plaza. The firm’s projects range from 50,000 to 500,000 square feet. For his own office at...

12/24/14
...Sterling (John Slattery) as Santa on "Mad Men," 11 Penn Plaza and Mary Ann Tighe AMC Networks, which airs TV series such as “Mad Men...

...feet on the third floor at the 1-million-square-foot 11 Penn Plaza. A Cushman & Wakefield leasing team including Bruce Mosler, August DiRenzo, and others represented...

...a $330 million mortgage on its 1-million-square-foot office building 11 Penn Plaza. Not even two years later, in November 2013, Wells Fargo and UBS lent the REIT...

...Macy’s department store, taking 646,434 square feet at 11 Penn Plaza, and the law firm Simpson Thacher & Bartlett snapping up 595,799 square feet in a...

12/02/13
...11 Penn Plaza Steven Roth's Vornado Realty Trust has pocketed a cool $107 million with the completion of...

07/29/13
...11 Penn Plaza Office tenants signing new leases or expanding their current space were responsible for the...

06/28/13
...s office expansion at Vornado Realty Trust’s 11 Penn Plaza, which was worth between $620 and $633 million, as The Real Deal reported...

05/14/13
...From left: Vornado's Craig Panzirer, 11 Penn Plaza and Cushman & Wakefield's Dale Schlather The priciest office lease deal signed in the...

05/07/13
...and a 646,000-square-foot renewal with Macy’s at 11 Penn Plaza, as Vornado’s New York chief David Greenbaum noted. Only 587,000 square feet of Vornado-owned...

...lease extension between Macy’s and Vornado at 11 Penn Plaza. Meanwhile, in another Vornado building — the 2 million-square-foot 1290 Sixth Avenue — insurance firm AXA Equitable listed...

02/27/13
...11 Penn Plaza Macy’s has inked a lease extension with Vornado Realty Trust for its 646,000-square-foot...

02/27/12
...the Observer and replaces Regus' space at nearby 11 Penn Plaza, because of its ease of commuting for out-of-towners. The Lafayette location, next to another...

01/04/12
...draw more Italian buyers to NYC 3. Vornado refinances 11 Penn Plaza 4. REITs register 15 percent return in Q4 5. BHS' Shlomi Reuveni sits down with the Observer...

01/19/11
...Hospitality Advisors, a hotel advisory firm headquartered at 11 Penn Plaza in New York City. The new firm specializes in hospitality consulting, valuation, investment counseling...

10/18/10
...PNC Bank opens second New York location at 11 Penn Plaza   14. City Council gives final approval for rezoning of 75 blocks in Central Bronx  ...

09/25/09
...a statement from MSG Media. The studio, at 11 Penn Plaza, will be refurbished as part of Madison Square Garden’s $500 million renovation project. While...

...reported, was Federated Department Stores' 160,000-square-foot renewal at 11 Penn Plaza; 50,000 feet of that was expansion space. Downtown If Midtown South's leasing activity in May...

...of the buildings in the neighborhood, including 1, 2 and 11 Penn Plaza, as well as 330 West 34th Street, put up a gigantic sign on Seventh Avenue...

...Federated Department Stores' lease for 52,000 square feet at 11 Penn Plaza and Automatic Data Processing's 32,000-square-foot lease at 1 Penn Plaza. The Colliers report did not...
  • Event Retail Leasing
  • Address 11 Penn Plaza
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 2,902
  • Event Retail Leasing
  • Address 11 Penn Plaza
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 40,000
notes
The cable network signed an expansion lease and will occupy a total of 330,000 square feet.
  • Event Office Leasing
  • Address 11 Penn Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 643,000
notes
The department store operator signed a lease renewal through 2035 for office space, the New York Post reported.
  • Event Office Leasing
  • Address 11 Penn Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 17,100
notes
The global application delivery and infrastructure firm inked a 10-year renewal and expansion lease for part of the 20th floor. Citrix is consolidating two New York City offices.
  • Event Office Leasing
  • Address 11 Penn Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 160,000
  • Publication Date 07/01/2006
  • Event Date 05/22/2006
  • Party 1 Vornado Realty Trust
  • Party 2 Federated Department Stores
  • Party 2 Brokerage CBRE
notes
The retail company renewed and took an additional 50,000 square feet of office space.

...feet on the third floor at the 1-million-square-foot 11 Penn Plaza. A Cushman & Wakefield leasing team including Bruce Mosler, August DiRenzo, and others represented...

...lease extension between Macy’s and Vornado at 11 Penn Plaza. Meanwhile, in another Vornado building — the 2 million-square-foot 1290 Sixth Avenue — insurance firm AXA Equitable listed...

...reported, was Federated Department Stores' 160,000-square-foot renewal at 11 Penn Plaza; 50,000 feet of that was expansion space. Downtown If Midtown South's leasing activity in May...

...largest office lease. AMC Network's lease at of 11 Penn Plaza for 330,000 square feet was the seconded largest lease in the area. As demand for...