Veeva Systems is trading up its Midtown digs, locking in a 62,000-square-foot lease for the entire 11th floor of PENN 2, Vornado Realty Trust’s redeveloped office tower above Penn Station. The life-sciences software and AI company is shifting its New York office from 1375 Broadway, about five blocks away, on a 10-year deal that was marketed at roughly $110 per square foot.
As first reported by Commercial Observer, Veeva was represented by Jim Wenk and Kirill Azovtsev of Savills, while Josh Glick and Jared Silverman handled the assignment for Vornado. Both Vornado and Savills declined to comment to the outlet, which noted that Veeva will take the full 11th floor and that the space had been pitched at about $110 per square foot.
PENN 2’s Big Floorplates and Transit Access
The redeveloped tower is being marketed on its large, contiguous tower floors, with around 62,000 rentable square feet available on upper levels, and amenities tailored to technology and financial tenants. PENN 2 highlights private terraces, a rooftop park and direct access to Penn Station, packaging the block-sized property as a transit-connected hub. For a tenant like Veeva, a full-floor footprint combined with immediate rail access can streamline operations and make commuting across the region a lot less painful.
Leasing Momentum in the Penn District
PENN 2 has been stacking up sizable leases in recent months. As reported by Commercial Observer, Capgemini signed a 43,000-square-foot lease in December 2025, and data-security firm AvePoint took roughly 8,000 square feet in March. Other notable commitments over the past year have included multi-floor deals that underscore Vornado’s effort to recast the Penn District as a headquarters destination. Veeva’s arrival adds another tech-oriented name to the building’s growing roster.
About Veeva
Veeva provides cloud software, AI and data services for the life-sciences sector and lists its global headquarters in Pleasanton, California, on its contact page. Veeva promotes products that cover clinical, regulatory, safety and commercial operations, and the company has been expanding its enterprise offerings in recent years. Taking a full floor at PENN 2 places the firm closer to clients and transit links across the Northeast corridor.
Vornado has not announced a public move-in date, and neither side has shared details on build-outs or staffing plans. What is clear is that the Veeva lease keeps Vornado’s post-redevelopment Penn District leasing streak very much alive.
