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Universal Music Group Finalizes 336K-SF Deal at Vornado’s Penn 2

Summary by Commercial Observer
A deal by Universal Music Group (UMG) for new digs at Vornado Realty Trust (VNO)’s Penn 2 office tower has been finalized after weeks of negotiations. UMG signed a lease for 336,000 square feet at the 31-story Midtown building, according to Colliers (CIGI)’ first-quarter 2025 office report. The deal represents a relocation for UMG, which will leave its current 242,505-square-foot office at Jack Resnick & Sons’ 1755 Broadway, where its lease isn’…
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Commercial Observer broke the news in on Tuesday, April 1, 2025.
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