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LCOR Extends Longtime Tenancy at Vornado’s PENN 1

Real estate investment, development, and management firm LCOR has extended its lease at Vornado Realty Trust’s PENN 1 in Midtown South. A tenant at PENN 1 since 1997, LCOR has extended its 7,454-square-foot lease for 10 years and nine months. 

Helmsley Spear executive managing director Fernando E. Murillo and vice chairman James Emden represented LCOR. Vornado was represented in-house by Josh Glick, Jared Solomon and Anthony Cugini. 

“This lease renewal shows the further commitment that LCOR has to this fine Class A commercial office building, and its superb Central Manhattan location with unparalleled transportation access and amenities to serve its global client base,” said Murillo. 

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Helmsley Spear

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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