Vornado Realty Trust Completes Acquisition of 49% Interest in Park Avenue Plaza
NEW YORK, June 11, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has completed its previously announced acquisition of a 49% interest in Park Avenue Plaza. The property was acquired at a gross 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 52(nd) Street. The trophy, Class A office building, co-owned by Fisher Brothers, h
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