Leasing ActivityAlexander's/VNO locked in Bloomberg's 947 ksf lease at 731 Lexington Ave for an additional 11 years to 2040.
Office Market PositionVNO is in an enviable position to benefit from a strengthening office market, with newly redeveloped, transit-oriented product (PENN District) and existing relationships with four major tech companies with growing presence in NYC.
Retail Portfolio MonetizationVNO highlighted its ability to monetize part of its retail portfolio located on Fifth Ave following blockbuster recent deals with luxury retailers Prada and Kering.