Investment firm Sessa Capital is expanding its footprint in Manhattan, Commercial Observer has learned.

The company, which specializes in trading stocks and options, grew to 10,000 square feet at Vornado Realty Trust’s 888 Seventh Avenue in a relocation from the 30th to the 40th floor of the building, according to a source familiar with the deal.

SEE ALSO: Jordan Rathlev of Related Ross: 5 Questions

The length of the lease is seven years, and asking rent in the building is $140 per square foot, the source said.

Vornado’s Ryan Levy handled the deal in-house for the landlord while Scott Bogetti, Will Joumas and Kirill Azovtsev of Savills represented Sessa Capital. 

Vornado did not immediately respond to a request for comment, while Savills declined to comment.

Update: A previous version of this story listed Portage Point Partners and Protiviti as recent tenants at 888 Seventh Avenue. They signed leases at 1290 Avenue of the Americas in December 2025, another Vornado-owned building.

Mark Hallum can be reached at mhallum@commercialobserver.com.