• Vornado completed its acquisition of a 49% stake in Park Avenue Plaza at a gross valuation of USD 1.1 billion.
• The 45-story, 1.2 million-square-foot office tower at 55 E 52nd Street is 99% leased with an 11-year weighted-average lease term.
• The stake was acquired subject to a USD 575 million fixed-rate loan at 2.99% that matures in November 2031.
• Fisher Brothers kept 51% ownership, retains leasing and management, holds joint control with Vornado on major decisions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vornado Realty Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606111704PRIMZONEFULLFEED9745867) on June 11, 2026, and is solely responsible for the information contained therein.