Gusto doubles up at Vornado’s Penn 1

Human resources tech company Gusto is doubling its footprint at Vornado Realty Trust’s Penn 1, signing a 13-year expansion deal that will bring its space at the Midtown tower to 76,000 square feet. Gusto inked a 13-year lease for 38,000 square feet on the 47th floor and renewed its existing 38,000-square-foot lease on the 52nd floor for five years, The Real Deal has learned. Gusto will now occupy 76,000 square feet at the 2.5-million-square-foot tower. The asking rent was $135 per square foot. CBRE’s Jeff Fisher, Sacha Zarba and Connor Krup represented Gusto in the deal. Vornado’s Josh Glick, Jared […]

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