South Asian TV company moves in at One Penn Plaza

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Vornado Realty Trust’s One Penn Plaza has some new Bollywood flair. Asia TV USA, the North American arm of the India-based media giant, has inked a deal for 8,841 square feet at the 34th Street, 57-story tower in a move to accommodate future growth and expansion, the company announced yesterday. The move officially took place March 1, with roughly 40 employees. Terms were not disclosed, but Abe Bose of UGL Equis, which represented Asia TV with the firm’s Joel Weinberg, said the television and film production company won a “very favorable, highly competitive rate.” Last year, Vornado was said to have offered 10 months’ free rent to the Dormitory Authority of New York when it renewed its 35,000-square-foot lease at the tower. TRD