Verizont leases new larger HQ: WSJ

Verizont leases new larger HQ: WSJ

Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced its plans to relocate its Manhattan headquarters to PENN 2, a reimagined office tower in THE PENN DISTRICT, located in the heart of Midtown Manhattan. This move, set to commence in 2026, is part of Verizon's ongoing commitment to New York City and its continued growth in the region [1].

The new headquarters will accommodate approximately 1,000 corporate employees, occupying more than 195,000 square feet of premier office space across multiple floors. The relocation will bring together Verizon's corporate workforce under one roof, fostering an environment conducive to innovation and collaboration [1].

Verizon's presence in New York City spans over two decades, serving as a backbone for the city's connectivity needs. With more than 400 retail locations and administrative offices, the company continues to play a pivotal role in the city's economic landscape. The relocation to PENN 2 will enhance Verizon's operational efficiency and strengthen its ties with the city [1].

The new headquarters will provide employees with exclusive access to more than 25,000 square feet of outdoor space within The Bustle, located directly above Penn Station. This prime location offers unmatched convenience, with direct access to 15 subway lines, the Long Island Railroad, New Jersey Transit, PATH, Amtrak, and soon Metro-North [1].

Verizon's decision to relocate to THE PENN DISTRICT underscores its commitment to the city and its ongoing investment in New York's economic growth. The company will join other flagship tenants at PENN 2, including Madison Square Garden and Major League Soccer, creating a new cultural and business epicenter in Midtown [1].

References:
[1] https://www.verizon.com/about/news/verizon-announces-new-manhattan-headquarters