The retail building on the corner of 34th Street and Eighth Avenue was built in 1987 and offers 14,400 square feet of space. Current tenants include a TGI Fridays restaurant.

Owner Vornado Realty Trust reportedly bought the property, along with three others, for $26 million in 1997. Vornado controls about 9 million square feet in the Penn Plaza area, with buildings such as One Penn Plaza and Two Penn Plaza; its holdings include about 780,000 square feet of retail space. About 600,000 commuters pass through Penn Station daily, in addition to tourists drawn by attractions such as Madison Square Garden.

-NE