{"id":725723,"date":"2023-01-25T08:39:11","date_gmt":"2023-01-25T13:39:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vornado-and-rudin-complete-350-park-avenue-and-40-east-52nd-street-transactions\/"},"modified":"2023-01-25T08:39:11","modified_gmt":"2023-01-25T13:39:11","slug":"vornado-and-rudin-complete-350-park-avenue-and-40-east-52nd-street-transactions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vornado-and-rudin-complete-350-park-avenue-and-40-east-52nd-street-transactions\/","title":{"rendered":"Vornado and Rudin Complete 350 Park Avenue and 40 East 52nd Street Transactions"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Jan.  25, 2023  (GLOBE NEWSWIRE) &#8212; Vornado Realty Trust (NYSE:VNO) and Rudin announced today that they have completed the previously announced transactions with Citadel Enterprise Americas LLC (\u201c<u>Citadel<\/u>\u201d) and with an affiliate of Kenneth C. Griffin, Citadel\u2019s Founder and CEO, relating to 350\u00a0Park Avenue and 40 East 52<sup>nd<\/sup> Street. All third-party approvals have been obtained and the master lease and other agreements are effective.<\/p>\n<p align=\"justify\">\n        <strong>About Vornado Realty Trust<\/strong>\n      <\/p>\n<p align=\"justify\">Vornado Realty Trust is the preeminent owner, manager and developer of Office and Retail assets. Vornado\u2019s portfolio is concentrated in the nation\u2019s key market, New York City, along with premier assets in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability. The Company owns and manages over 26 million square feet of LEED certified buildings.<\/p>\n<p align=\"justify\">\n        <strong>About Rudin <\/strong>\n      <\/p>\n<p align=\"justify\">The Rudin family controls one of the largest privately owned real estate companies in New York City. Founded in 1925 by Samuel Rudin and his siblings, and now led by the third and fourth generations, Rudin oversees the daily operations of 33 properties in New York City. The portfolio is comprised of 17\u00a0residential buildings totaling 4.7 million square feet and 16 commercial office buildings totaling 10.5 million square feet.<\/p>\n<p>\n        <strong><br \/>\n          <strong>CONTACT<\/strong><br \/>\n        <\/strong>\n      <\/p>\n<p>Thomas J. Sanelli<br \/>(212) 894-7000<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjQ4NyM1Mzc0MjE4IzIwMDgxNzI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZTkyMzZhNmMtMTRlZi00YjlhLWI0NTQtYTBjYWQ2NGQ1NTMzLTEwMTk3NDU=\/tiny\/Vornado-Realty-Trust.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Jan. 25, 2023 (GLOBE NEWSWIRE) &#8212; Vornado Realty Trust (NYSE:VNO) and Rudin announced today that they have completed the previously announced transactions with Citadel Enterprise Americas LLC (\u201cCitadel\u201d) and with an affiliate of Kenneth C. Griffin, Citadel\u2019s Founder and CEO, relating to 350\u00a0Park Avenue and 40 East 52nd Street. All third-party approvals have been obtained and the master lease and other agreements are effective. About Vornado Realty Trust Vornado Realty Trust is the preeminent owner, manager and developer of Office and Retail assets. Vornado\u2019s portfolio is concentrated in the nation\u2019s key market, New York City, along with premier assets in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability. The Company owns &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vornado-and-rudin-complete-350-park-avenue-and-40-east-52nd-street-transactions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Vornado and Rudin Complete 350 Park Avenue and 40 East 52nd Street Transactions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-725723","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vornado and Rudin Complete 350 Park Avenue and 40 East 52nd Street Transactions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vornado-and-rudin-complete-350-park-avenue-and-40-east-52nd-street-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vornado and Rudin Complete 350 Park Avenue and 40 East 52nd Street Transactions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Jan. 25, 2023 (GLOBE NEWSWIRE) &#8212; Vornado Realty Trust (NYSE:VNO) and Rudin announced today that they have completed the previously announced transactions with Citadel Enterprise Americas LLC (\u201cCitadel\u201d) and with an affiliate of Kenneth C. Griffin, Citadel\u2019s Founder and CEO, relating to 350\u00a0Park Avenue and 40 East 52nd Street. All third-party approvals have been obtained and the master lease and other agreements are effective. About Vornado Realty Trust Vornado Realty Trust is the preeminent owner, manager and developer of Office and Retail assets. Vornado\u2019s portfolio is concentrated in the nation\u2019s key market, New York City, along with premier assets in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability. 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