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Robinhood, Dick’s Sporting Goods Each Lease 125K SF at Vornado’s Penn 2
Bay Area fintech firm and retailer Dick’s Sporting Goods each have signed for roughly 125,000 square feet of office space at Vornado Realty Trust’s Penn 2, CBRE reported. Robinhood subleased 125,392 square feet at the 1.6.-million-square-foot office tower, while Dick’s committed to 125,284 square feet in a direct lease.
The two transactions represented the largest office leases signed in Midtown Manhattan during October, according to CBRE. The submarket’s 1.62 million square feet of leasing activity during the month was 32% ahead of the five-year monthly average of 1.23 million square feet, while year-to-date Midtown leasing is up 23% year over year.
Both tenants have existing, albeit smaller, offices in Lower Manhattan. Robinhood leases space at 413 W. 14th St., while Dick’s signed up for about 26,000 square feet at the Zero Irving building in 2022.
Vornado is currently marketing 436,000 square feet of availabilities at Penn 2, reported the New York Business Journal.
- ◦Lease
