Verizon Relocates HQ to Penn 2, Signs 19-Year Lease

Verizon has relocated its New York headquarters to PENN 2, Vornado Realty Trust's reimagined office tower in Manhattan's PENN DISTRICT campus. The company will occupy nearly 200,000 sq ft of office space and establish a retail location on Seventh Avenue. PENN 2 features a modern curtain wall, a striking lobby, outdoor loggias, and curated retail spaces. The building serves as the corporate headquarters for Madison Square Garden, Universal Music Group, and Major League Soccer.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced the relocation of its New York headquarters to PENN 2, Vornado Realty Trust's reimagined office tower in Manhattan's PENN DISTRICT campus. The telecommunications giant will occupy nearly 200,000 square feet of office space and establish a retail location on Seventh Avenue [1].

The new headquarters will serve as the hub for approximately 1,000 corporate employees, with Verizon signing a long-term lease to occupy the space across multiple floors [1]. The move is part of Verizon's ongoing commitment to New York City, where it has been a significant player for over 25 years. The company's extensive network has kept New Yorkers connected, moving, and safe, providing mission-critical connectivity to public safety agencies and small businesses across all five boroughs [1].

Verizon's relocation to PENN 2 highlights the building's modern amenities, including a striking lobby, outdoor loggias, and curated retail spaces. The building also serves as the corporate headquarters for Madison Square Garden, Universal Music Group, and Major League Soccer, further enhancing its appeal to high-profile tenants [1].

The move to PENN 2 will bring Verizon's corporate employees together under one roof, fostering an environment conducive to innovation and collaboration. The building's strategic location above Penn Station offers exceptional accessibility, with direct access to 15 subway lines, the Long Island Railroad, New Jersey Transit, PATH, Amtrak, and soon Metro-North, making it easier for teams to connect and collaborate from across the region [1].

Verizon's relocation to PENN 2 is expected to have a positive impact on the local economy, creating jobs and stimulating growth in the area. The company's commitment to New York City underscores its longstanding relationship with the city and its residents.

References:
[1] https://www.verizon.com/about/news/verizon-announces-new-manhattan-headquarters
[2] https://www.quiverquant.com/news/Verizon+Announces+Relocation+of+New+York+Headquarters+to+Vornado+Realty+Trust%27s+PENN+2+Office+Tower