Vornado Realty Trust is a publicly traded real estate investment trust (REIT) that owns, manages and develops office and retail properties, primarily in Manhattan and Chicago. Its portfolio includes marquee office towers near Pennsylvania Station and the Farley Post Office redevelopment project, as well as retail properties on Fifth Avenue and in Times Square. Vornado also has interests in the Merchandise Mart in Chicago and the Alexandria Center for Life Science in New York. The company emphasizes repositioning and redeveloping assets to attract high-quality tenants and has undertaken large-scale projects such as the Moynihan Train Hall and PENN District. Vornado is headquartered in New York City.