5 unchanged sentences
We have five properties in New York City consisting of:
−Removed: Operating properties
• 731 Lexington Avenue, a 1,080,000 square foot multi-use building, comprising the entire block bounded by Lexington Avenue, East 59 th Street, Third Avenue and East 58 th Street in Manhattan.
3 unchanged sentences
The Home Depot (83,000 square feet) was the principal retail tenant at the property until its lease expired on January 31, 2025 ;
−Removed: • Rego Park I, a 338,000 square foot shopping center, is located on Queens Boulevard and 63 rd Road in Queens.
−Removed: The center was anchored by a 50,000 square foot Burlington and a 36,000 square foot Marshalls.
−Removed: In the fourth quarter of 2024, we entered into ten-year leases with Burlington and Marshalls to relocate them to our Rego Park II property in 2025.
−Removed: Rego Park I will then be vacant and we are currently exploring sale and development opportunities for the property;
−Removed: • Rego Park II, a 615,000 square foot shopping center, is located adjacent to the Rego Park I shopping center in Queens.
−Removed: The center is anchored by a 145,000 square foot Costco and a 133,000 square foot Kohl’s, which has been subleased;
+Added: • Rego Park II, a 606,000 square foot shopping center, is located on Junction Boulevard in Queens.
+Added: The center is anchored by a 145,000 square foot Costco and a 133,000 square foot Kohl’s.
+Added: The center also includes a 60,000 square foot Burlington, a 47,000 square foot Best Buy, and a 40,000 square foot Marshalls.
+Added: Kohl’s’ store is currently closed but the tenant remains obligated under its lease which expires in January 2031;
• Flushing, a 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens, that is subleased to New World Mall LLC.
−Removed: The property is ground leased through January 2027 with one ten-year extension option;
+Added: The property is ground leased through January 2037;
+Added: • Rego Park I, a 338,000 square foot shopping center, is located adjacent to our Rego Park II shopping center.
+Added: The property is now vacant since the relocation of Burlington and Marshalls to Rego Park II in 2025.
+Added: We are currently exploring sale opportunities for the property and are in advanced negotiations with a potential buyer;
• The Alexander apartment tower, located above our Rego Park II shopping center, contains 312 units aggregating 255,000 square feet.
20 unchanged sentences
In 2025, Vornado:
−Removed: • became the first major U.S.
−Removed: real estate owner and operator to achieve 100% LEED certification across its entire portfolio of certifiable in-service buildings;
−Removed: • received a GRESB’s five star rating and an assessment score of 92, placing in the top 3% within Americas/Listed, and the “Green Star” distinction for the twelfth consecutive year;
−Removed: • received the National Association for Real Estate Investment Trusts’ (NAREIT) inaugural “The Impact at Scale Award,” for implementing operational initiatives in the PENN district that advance corporate sustainability and deliver measurable impact;
−Removed: • was recognized as an EPA ENERGY STAR Partner of the Year with the distinction of having demonstrated nine years of sustained excellence.
+Added: • received GRESB's five star rating and an assessment score of 91, placing Vornado in the top 3% within the Americas/Listed category and the “Green Star” distinction for the thirteenth consecutive year;
+Added: • achieved 100% WELL Health-Safety certification across its in-service office portfolio.
Vornado prioritizes addressing climate change and in 2019 adopted a 10-year plan to make its buildings carbon neutral by 2030 (“Vision 2030”).
9 unchanged sentences
Vornado is committed to transparent reporting of sustainability performance indicators and publishes an annual Sustainability Report in accordance with the Global Reporting Initiative and aligned with the metrics codified by the Sustainability Accounting Standards Board.
−Removed: Vornado also submits public reports to CDP, CSA (the S&P Global Corporate Sustainability Assessment) and EP100 (global initiative led by Climate Group).
Further details on Vornado’s environmental sustainability initiatives and strategy, including its Vision 2030 Roadmap, can be found in Vornado’s 2024 Sustainability Report at (vno.com/sustainability).
10 unchanged sentences
Since we are externally managed by Vornado, we do not have separate employees that provide management, leasing and development services.
−Removed: We currently have 90 property-level employees w ho provide cleaning, engineering and security services.
+Added: We currently have 103 property-level employees w ho provide cleaning, engineering, parking and security services.
Our employees are managed by Vornado in accordance with its employee policies and they have access to Vornado’s benefits, training and other programs.
14 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.