2 Penn Plaza | The Real Deal New York

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2 Penn Plaza

2 Penn Plaza
New York, NY 10001
Office, Retail, Leasing/Rental, Other

Built in 1968 as part of the Penn Plaza redevelopment project, this 32-story office building stands on the west side of 7th Avenue, between 31st and 33rd Streets. The McGraw-Hill Companies and the Madison Square Garden Company are among the tenants; Madison Square renewed 257,541 square feet in July 2014. The next month, marketing and communications firm UBM signed a 10-year lease for 26,444 square feet.

Landlord Vornado Realty Trust, which owns a total of about 9 million square feet of commercial property in the Penn Plaza District , including One Penn Plaza and 11 Penn Plaza, announced a $575 million refinancing of the building in December 2014, realizing net proceeds of about $143 million. The interest-only loan at LIBOR plus 1.65 percent matures in 2019, with two one-year extension options. The previous $422 million loan was swapped to a fixed rate of 4.78 percent, while the remaining $153 million will float until March 2018, after which the entire amount will float until the loan matures.

-NE

  • Address 2 Penn Plaza
  • neighborhood Penn Plaza
  • borough Manhattan
  • owner Vornado Realty Trust, Amtrak
  • owner entity NATIONAL RAILROAD PAS
  • block and lot 1-00781-0002
  • BIN 1083026

09/06/18
...a press conference at Vornado Realty Trust’s 2 Penn Plaza office building to announce he planned to create a new entrance for to Penn...

09/06/18
...the gubernatorial primary. During the press conference at 2 Penn Plaza, Cuomo touted his $150 billion infrastructure initiative and the fact that the state is now...

05/04/18
...about 122,000 square feet at Vornado Realty Trust’s  2 Penn Plaza. It was unclear whether its new lease represents an expansion or a relocation for...

05/01/18
...Steven Roth and 2 Penn Plaza (Credit: Vornado Realty Trust, Google Maps) More than a year after spinning off its...

04/20/18
...considering tearing down the 1.6 million-square-foot office tower at 2 Penn Plaza to make way for a building that would be double the size...

04/09/18
...starchitect Bjarke Ingels released renderings for the new 2 Penn Plaza, a glass-and-steel tower with an undulating canopy at its base inspired by the iconic...

04/09/18
...Steve Roth and 2 Penn Plaza Instead of getting a new skirt designed by Bjarke Ingels, a Midtown office building...

05/10/17
...reported. The Hotel Sits Across The Street from 2 Penn Plaza, which Vornado plans to redevelop and outfit with a new glass facade. Deutsche Bank...

...starchitect Bjarke Ingels released renderings for the new 2 Penn Plaza, a glass-and-steel tower with an undulating canopy at its base inspired by the iconic...

11/01/16
...starchitect Bjarke Ingels released renderings for The New 2 Penn Plaza, a glass-and-steel tower with an undulating canopy at its base inspired by the iconic...

05/04/16
As Marilyn learned, no skirt is safe over a blustery subway grate. Not even, it turns out, when it’s on a building. Tags: 2 penn...

04/06/16
...of Pennsy, an upscale 8,000-square-foot Food Court at 2 Penn Plaza, once the home of Borders. In its March issue, The Real Deal took a...

03/16/16
Two Penn Plaza may soon get the Bjarke Ingels treatment. Tags: Bjarke Ingels, penn station...

...a portfolio that included both 11 Penn Plaza and 2 Penn Plaza. Mendik, who died in 2001, had renovated the building’s lobby and restored its facade...

12/24/15
...this week,  Vornado Realty Trust Announced That Its 2 Penn Plaza will soon be home to an 8,000-square-foot gourmet food court, dubbed Pennsy. Reda is...

12/22/15
...From left: Mario Batali, Pat LaFrieda and 2 Penn Plaza in Midtown A plethora of eateries associated with world famous chefs is coming to...

08/18/14
...From left: 2 Penn Plaza, UBM CEO Tim Cobbold and Richard Bernstein Vornado Realty Trust signed marketing and communications...

...feet on six separate floors at the 1.5-million-square-foot 2 Penn Plaza above Penn Station, and 60,976 square feet on the third floor at the 1-million-square-foot 11 Penn...


...feet of office space, including office towers like 2 Penn Plaza. In 2011, Newmark was acquired for $63 million by global financial services firm BGC Partners, which...

06/19/13
...on the market for $18.5 million 2. Spike Lee wants 2 Penn Plaza to remain a Madison Square Garden joint 3. Tribeca loft conversion starts pricing at $3 million...

08/31/11
...stores includes Superstore Borders locations such as the 2 Penn Plaza location in New York City and a location in Coral Gables in Florida. CNBC...

07/20/11
...Massey Knakal, Gary Alterman of RKF, Borders at 2 Penn Plaza and the Borders at 10 Columbus Circle (Columbus Circle credit: Westside Rag) Earlier this week...

...law firms Proskauer Rose taking 61,294 square feet at 2 Penn Plaza, and Schiff Hardin moving from 900 Third Avenue to 666 Fifth Avenue. Venable, another law firm...

02/04/09
...is owed about $240,000. Vornado Realty Trust owes $55,238.23 on 2 Penn Plaza. At 11 East 57th Street, owned by Hearst Communications, someone stopped paying the bills in...
  • Event Retail Leasing
  • Address 2 Penn Plaza
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 575
notes
The donut shop whose original home is in a car wash signed a 10-year lease.
  • Event Office Leasing
  • Address 2 Penn Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 12,200
  • Publication Date 09/01/2013
  • Event Date 07/23/2013
  • Party 1 Marks Paneth & Shron LLP
  • Party 1 Brokerage Colliers International
  • Party 1 Broker Ted Rotante
  • Party 2 Jacobs Engineering Group
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Michael Burlant
notes
The engineering firm signed a sublease on the fourth floor.
  • Event Retail Leasing
  • Building Name Penn Station
  • Address 2 Penn Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 12,500
  • Publication Date 10/01/2009
  • Event Date 08/22/2009
  • Party 1 Amtrak
  • Party 2 Riese Organization
  • Party 2 Brokerage Riese Organization
  • Party 2 Broker Mark Stempel
notes
The restaurant operator signed a lease extension for the food court in the Amtrak waiting room at Penn Station. The food court, which had been closed for renovation since April, reopened last month. New eateries include Tim Hortons and TGI Friday's; existing restaurants include KFC, Pizza Hut and Nathan's.
  • Event Retail Leasing
  • Address 2 Penn Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 6,540
notes
The drugstore signed a 12-year lease for another location.
  • Event Office Leasing
  • Address 2 Penn Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 29,000
notes
The designer and manufacturer of business communications networks inked a deal to consolidate various New York offices.
  • Event Office Leasing
  • Address 2 Penn Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 71,000
notes
The information management firm decided to expand and upgrade as it moved from a 13,000-square-foot space at 11 Penn Plaza.
  • Event Office Leasing
  • Address 2 Penn Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 6,083
  • Event Office Leasing
  • Address 2 Pennsylvania Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 30,000
notes
Non-profit to take space at 1 or 2 Penn Plaza in 2006
  • Event Office Leasing
  • Building Name Madison Square Garden
  • Address 2 Pennsylvania Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 1,600
  • Publication Date 01/01/2004
  • Event Date 11/22/2003
  • Party 2 Madison Square Garden Store
notes
Temporary Xmas store sells sports items

...feet on six separate floors at the 1.5-million-square-foot 2 Penn Plaza above Penn Station, and 60,976 square feet on the third floor at the 1-million-square-foot 11 Penn...

...law firms Proskauer Rose taking 61,294 square feet at 2 Penn Plaza, and Schiff Hardin moving from 900 Third Avenue to 666 Fifth Avenue. Venable, another law firm...