Press Release

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Joseph Macnow
(201) 587-1000
September 16, 1999
Vornado acquires 595 Madison Avenue (The Fuller Building), a 40 story Manhattan retail and office building, for approximately $125 million.

SADDLE BROOK, NEW JERSEY......VORNADO REALTY TRUST (NYSE:VNO) today announced that it has closed its previously announced acquisition of 595 Madison Avenue (The Fuller Building), a 40 story Manhattan retail and office building, for approximately $125 million. The building contains approximately 295,000 square feet and is located at the corner of 57th Street and Madison Avenue.

Vornado Realty Trust is a fully-integrated equity real estate investment trust.