HomeBriefs

Brief

Snapchat Parent Company Subleases 199K SF From Verizon at Penn 2

Snap, the technology firm behind Snapchat, is taking over Verizon’s three-floor office lease in Manhattan’s Penn District.  The 198,983-square-foot sublease spans the eighth through and 10th floors of

File photo

Summary

Snap, the technology firm behind Snapchat, is taking over Verizon’s three-floor office lease in Manhattan’s Penn District.

The 198,983-square-foot sublease spans the eighth through and 10th floors of Vornado Realty Trust’s 2 Pennsylvania Plaza, known as Penn 2, according to sources familiar with the transaction.

The long-term deal, struck at a premium to Verizon’s own […]

Source