Nomura in talks for offices at Manhattan’s Penn 2 tower
The firm joins a wave of companies that have sought to upgrade to new or redeveloped offices in the city
[NEW YORK] The US unit of Tokyo-based Nomura Holdings is in talks for new offices on the west side of Manhattan, according to sources familiar with the matter.
Nomura is discussing a lease with Vornado Realty Trust for space at its Penn 2 tower, said the sources, who asked not to be named because the matter is private.
Negotiations are ongoing and plans could still change, one of the sources said. Representatives for Vornado and Nomura declined to comment.
Nomura joins a wave of companies that have sought to upgrade to new or redeveloped offices in the city. Vornado recently redeveloped Penn 2, adding a new facade, lobby and rooftop lounge to the 31-storey office building.
The tower’s tenants include Major League Soccer and Madison Square Garden Entertainment, and Vornado has been in talks with Universal Music Group for space at the building, Bloomberg has reported.
The real estate company, run by billionaire Steven Roth, has been seeking to turn around the area near Manhattan’s Penn Station, a massive transit hub for the city. The company also revamped Penn 1.
Nomura has been on the hunt for new offices in Manhattan with plans to downsize its footprint, Bloomberg reported in 2023. In 2011, the firm signed a lease for more than 900,000 square feet of space at Worldwide Plaza for its Americas headquarters. The lease expires in 2033, but Nomura has an option to exit in 2027. BLOOMBERG
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