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Universal Music Group Leases 336K SF at Vornado’s PENN 2
Universal Music Group (UMG) has leased a reported 336,000 square feet at Vornado Realty Trust’s redeveloped PENN 2, for its New York offices. As part of a 22-year lease, UMG will occupy the entire fourth through seventh floors of PENN 2.
The building will serve as the headquarters of Def Jam Recordings, Island Records, Mercury Records and Republic Records, Bravado and Verve Label Group. The building will also serve as the East Coast offices for leading global music publisher Universal Music Publishing Group as well as several UMG corporate functions.
Glen Weiss, EVP, office leasing & co-head of real estate at Vornado, said, “We are delighted to welcome Universal Music Group to THE PENN DISTRICT, which has firmly established itself as the epicenter of Manhattan’s new West Side. Universal Music’s commitment to PENN 2 is further evidence of the district’s appeal to the world’s most iconic brands in business, lifestyle and entertainment.”
- ◦Lease


