2/24, 5:35 PM (Source: TeleTrader)
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Chart for: Apple Inc.

Apple to lease 220 sq ft in Penn Plaza - report

Apple Inc. signed a lease for office space of 220,000 square feet in Midtown Manhattan, the New York Post reported on Monday.

The building in question is located on 11 Penn Plaza, close to the Madison Square Garden. Apple will reportedly lease floors from eleventh to fourteenth, with options for the ninth floor as well and the deal will allegedly be for five years.

Retailer Macy's will move out of the space in question to its new headquarters in Long Island City, the report noted.

Breaking the News / NI