Universal Music Group NV is close to striking a deal to occupy space at an office tower in the Penn District of Manhattan.
The Dutch-based firm is negotiating a lease with property owner Vornado Realty Trust to take 300,000 square feet at PENN 2, according to a report from Bloomberg.
The move comes weeks after Steven Roth, CEO of Vornado, signaled in the company's fourth quarter earnings call that the REIT was just "weeks" away from signing a 300,000 square foot lease at the property that sits above Penn Station.
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