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Nomura Eyes Vornado’s Penn 2 for Americas Headquarters Relocation

The U.S. unit of Tokyo-based Nomura Holdings is in talks for new offices on Manhattan’s West Side, Bloomberg News reported, citing people familiar with the matter. Nomura is discussing a lease with Vornado Realty Trust for space at Penn 2, joining a wave of companies that have sought to upgrade to new or redeveloped offices in the city.  

Vornado recently redeveloped Penn 2, adding a new facade, lobby and rooftop lounge to the 31-story office building. Tenants include Major League Soccer, and Vornado has been in talks with Universal Music Group NV for space at the building.  

Nomura has been on the hunt for new offices in Manhattan with plans to downsize its footprint, Bloomberg reported in 2023. In 2011, the firm signed a lease for more than 900,000 square feet at Worldwide Plaza for its Americas headquarters. The lease expires in 2033, but Nomura has an option to exit in 2027. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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