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Vornado to buy stake in Manhattan office tower valued at $1.1 billion

Park Avenue Plaza is 99% occupied by blue-chip tenants, REIT says
Investment bank Evercore is the largest tenant at Park Avenue Plaza, according to CoStar data. (CoStar)
Investment bank Evercore is the largest tenant at Park Avenue Plaza, according to CoStar data. (CoStar)
CoStar News
April 29, 2026 | 8:39 P.M.

Vornado Realty Trust has agreed to buy a 49% interest in a top-tier office tower just off the coveted Park Avenue corridor in New York.

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