nks 27K sf lease at Vornado’s 1 Penn Plaza TV network is relocating from landlord’s 11 Penn Plaza nearby
One Penn Plaza
Youth-focused cable TV network Fuse Media signed a lease for 27,000 square feet at Vornado Realty Trust’s One Penn Plaza.
Fuse will relocate to the 10th floor of the 57-story building from another Vornado property nearby at 11 Penn Plaza, Crain’s reported.
Rents in the 10-year deal start at $67 per square foot and climb to $72 per square foot.
Avison Young s John Ryan represented Fuse, while an in-house Vornado team led by Glen Weiss negotiated on behalf of the landlord.
Fuse was forced out of 11 Penn in part because AMC Networks renewed its 290,000-square-foot lease two years ago and took on another 40,000 square feet, a爱上海同城手机版