Vornado, Ken Griffin and Rudin Close 350 Park Avenue Joint Venture

• Vornado Realty Trust closed a joint venture with Ken Griffin and Rudin to develop 350 Park Avenue in Manhattan.
• A Griffin affiliate owns 60% of the venture, with Vornado holding 36% and Rudin 4%.
• The venture secured a $3.3 billion construction loan.
• Citadel Enterprise Americas signed a 1.05 million-square-foot anchor lease; 850,000 square feet will be available to the market.
• Construction is underway on the 66-story tower, which will deliver more than 1.9 million square feet.

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: 202610210909PRIMZONEFULLFEED9850439) on October 21, 2026, and is solely responsible for the information contained therein.