Vornado Realty Trust to Purchase 49% Interest in Park Avenue Plaza from Closer Properties
Vornado Realty Trust (VNO)
Last vornado realty trust earnings: 2/18 04:38 pm
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US:NYSE Investor Relations:
vno.com/investor-relations/overview
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Source: GlobeNewswire
NEW YORK, April 28, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has agreed to purchase a 49% interest in Park Avenue Plaza from Closer Properties at a gross asset valuation of $1.1 billion ($950 per square foot), a significant discount to replacement cost. Park Avenue Plaza is a 45-story, 1.2 million rentable square foot building located at 55 East 52nd Street. The trophy, Class A office building, co-owned by Fisher Brothers, has protected Park Avenue views and occupies the full through-block between East 52nd and East 53rd Street. The property is located directly across 52nd Street from Vornado’s 350 Park Avenue development. Park Avenue Plaza is 99% occupied by blue-chip tenants with an 11-year weighted-average lease term and substantially below-market rents. Vornado will acquire its interest subject to its share of the $575 million loan encumbering the property that bears interest at a fixed rate of 2.99% and matures in November 2031. Fisher
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News
- Vornado Realty Trust Announces New $300 Million Share Repurchase ProgramGlobeNewswire
- Vornado Declares Quarterly Dividends On Preferred SharesGlobeNewswire
- Vornado Realty Trust to Purchase 49% Interest in Park Avenue Plaza from Closer Properties [Yahoo! Finance]Yahoo! Finance
- Vornado Realty Trust (VNO) was downgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "hold (c+)" to "hold (c)".MarketBeat
- Vornado Announces First Quarter Earnings Release Date and Conference Call InformationGlobeNewswire
VNO
Earnings
- 2/9/26 - Miss
VNO
Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/29/26 - Form SCHEDULE
- 4/8/26 - Form 8-K
- VNO's page on the SEC website