The John Simon Guggenheim Memorial Foundation has signed a direct lease with Vornado Realty Trust at 90 Park Ave., between 39th and 40th streets.

The foundation, which has been a tenant of the building for nearly five decades, is a subtenant of SmithKline Beecham PLC, as agent for STWB Inc., formerly known as Sterling Drug Inc. The foundation’s new lease with Vornado takes effect May 1, 2015.

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