Alexander McQueen Signs Retail Lease at Prime Madison Avenue Location as Redevelopment Nears Completion

  Alexander McQueen Signs Retail Lease at Prime Madison Avenue Location as
  Redevelopment Nears Completion

Business Wire

NEW YORK -- March 4, 2013

SL Green Realty Corp (NYSE: SLG) today announced that international fashion
retailer Alexander McQueen has signed a 15-year lease for a mid-block retail
space at 747 Madison Avenue. The tenant is expected to move into the space
during the third quarter, 2013.

The retail co-op interest at 747 Madison is owned by a joint venture that
includes SL Green, Jeff Sutton and Harel Insurance Company Ltd. After the
partnership acquired the retail interest in September 2011, a second-floor
residential co-op unit was additionally acquired in order to redevelop and
expand the ceiling height of the retail space. The remaining retail space on
the corner of 65^th Street and Madison Avenue, adjacent to the Alexander
McQueen store, is currently in the market for leasing.

“The acquisition and repositioning of 747 Madison is a classic SL Green/Sutton
initiative to unlock significant potential value from a prime retail
location,” said SL Green President Andrew Mathias. “We believe the Alexander
McQueen lease announced today confirms that our vision for this property was
right on the mark, and we look forward to continuing our efforts to complete
the lease-up next door.”

Susan Kurland from CBRE brokered the transaction.

About SL Green Realty Corp.

SL Green Realty Corp., New York City's largest office landlord, is the only
fully integrated real estate investment trust, or REIT, that is focused
primarily on acquiring, managing and maximizing value of Manhattan commercial
properties. As of December 31, 2012, SL Green owned interests in 85 Manhattan
properties totaling 40.8 million square feet. This included ownership
interests in 27.8 million square feet of commercial properties and debt and
preferred equity investments secured by 13.0 million square feet of
properties. In addition to its Manhattan investments, SL Green holds ownership
interests in 31 suburban assets totaling 5.4 million square feet in Brooklyn,
Long Island, Westchester County, Connecticut and New Jersey, along with four
development properties in the suburbs encompassing approximately 0.5 million
square feet. The Company also has ownership interests in 31 properties
totaling 4.5 million square feet in southern California.

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Contact:

SL Green Realty Corp.
Andrew Mathias
President
or
Heidi Gillette, 212-594-2700
Director, Investor Relations