A data firm that provides software and artificial intelligence solutions for the life sciences sector is relocating its offices to the Penn District, Commercial Observer has learned.<\/p>\n
Veeva Systems<\/a> signed a 62,000-square-foot lease on the entire 11th floor of Vornado Realty Trust<\/a>\u2019s Penn 2, also known as 2 Pennsylvania Plaza, in a relocation from its current headquarters about five blocks away at 1375 Broadway, according to sources familiar with the deal.<\/p>\n SEE ALSO: Ulta Beauty Inks 26K-SF Deal at Jeff Sutton\u2019s 1551 Broadway in Times Square<\/a><\/p>\n The length of the lease is for 10 years, and asking rent for the space was $110 per square foot.<\/p>\n Josh Glick and Jared Silverman represented Vornado in-house in the deal, while Jim Wenk and Kirill Azovtsev of Savills<\/a> handled the deal on behalf of Veeva.<\/p>\n Vornado and Savills declined to comment.<\/p>\n Other tenants in the 31-story office property near Pennsylvania Station include data security AvePoint, which signed an 8,000-square-foot lease in March<\/a>, and French consulting firm Capgemini, which inked a deal for 43,000 square feet in December 2025<\/a>.<\/p>\n Veeva has about 1,500 clients and offers software, AI, data and consulting services for life science operations ranging from pharmaceutical firms to biotechnology companies, according to the tenant.<\/p>\n Veeva was founded by CEO Peter Gassner two decades ago. Its headquarters are in Pleasanton, Calif., in the San Francisco Bay Area.<\/p>\n