Altana AI and Veeva have signed to occupy a total of 125,000 square feet at the PENN 2 building at 2 Pennsylvania Plaza in Manhattan.
Altana's deal is for 62,309 square feet over a 10-year period. The company, which provides logistics servicers with an AI-powered network, will occupy the entire space on the 21st floor. This will mark the firm's new headquarters.
Veeva's lease is for 12years, covering the entire 11th floor. The firm provides consulting services, data and AI.
The signings take occupancy at Vornado Realty Trust's PENN 2 to 90 percent. They come after some other major leasings at the 31-story property, including Robinhood's 125,392 square feet, Dick's Sporting Goods' 125,284 square feet and FGS Global's 80,700 square feet. All of these deals took place during October, according to a CBRE report. Also, in 2025, Verizon signed for more than 195,000 square feet and Dutch-based Universal Music Group took 336,000 square feet at the building.
PENN 2 has undergone recent redevelopment, adding a new curtain wall, a 430-foot-long blockfront, corner loggias on each floor and a triple-height lobby.
"We didn't merely renovate PENN 2 – we completely reinvented it, transforming a once legacy office tower into a world-class work environment atop the most connected transportation hub in the Western Hemisphere," Glen Weiss, executive vice president of office leasing and co-head of real estate at Vornado, said in a statement.
"The most impressive aspect is the fact that PENN 2 has become the headquarters for so many iconic blue-chip companies, including Madison Square Garden Entertainment, Universal Music Group, Major League Soccer, Verizon and Dick's Sporting Goods.
The site gets its name from its presence in the Penn District, with the building neighboring PENN 1, also owned by Vornado. The twin buildings combine for 4.4 million square feet of office space.
For New York as a whole, Vornado reported that its office occupancy averaged 91.6 percent in its first-quarter financial release.
Outside of office, Vornado is planning to spend $350 million on a New York residential project in the Penn District that would include 475 apartments, according to The Real Deal.
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