Verizon has inked a lease that will give it a new headquarters in Manhattan — inside the PENN District.

Verizon Communications Inc. will open a new Manhattan headquarters at Vornado Realty Trust’s Penn 2, a redeveloped office tower near Penn Station.

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Verizon is betting on the Penn District with plans to move its headquarters to Penn 2, the redeveloped office tower owned by Vornado Realty Trust. The telecom giant signed a lease

Verizon will lease nearly 200,000 square feet at Penn 2, the building formerly known as 2 Penn Plaza that was recently redeveloped by owner Vornado Realty Trust at a cost of $750 million. Other tenants include Madison Square Garden’s corporate offices,