New York City — Newmark Group has been selected to provide leasing for the retail component of the Penn District, a $2.5 billion mixed-use redevelopment in Midtown Manhattan. Mark Masinter, Karen Bellantoni, Jackie Totolo, Pierce Thompson and Nick Masinter of Newmark will lead leasing efforts at the property, which is owned and operated by Vornado Realty Trust.
Penn District is now home to 5 million square feet of office space, 300,000 square feet of public plaza space and 1.1 million square feet of retail. Vornado also plans to create a cohesive street-level experience along both sides of Seventh Avenue to replace the previous retail offerings, while complementing Macy’s and Primark’s 78,000-square-foot flagship store. Newmark will also work with Vornado on its Moynihan Retail Corridor, which serves as the central spine of the Moynihan Train Hall.