Vornado’s Penn District leasing momentum picks up

Steve Roth is running up the leasing numbers on his Penn District office properties. On — a Swiss apparel and sneaker company formerly known as On Running — signed a lease for 85,000 square feet at Vornado Realty Trust’s Penn 1, the Commercial Observer reported. The company will be relocating its headquarters from Spear Street Capital’s 165 Mercer Street in Soho. On will occupy all 61,000 square feet of the eighth floor, plus another 24,000 square feet on the seventh floor, including an outdoor terrace. The lease is for 15 years and the asking rent was $120 per square foot. […]

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