SL Green Strong Leasing Momentum Continues with Additional 441,651 Square
Feet Signed Midway Through Second Quarter
Over 1 Million Square Feet Signed Year-to-Date
Inks 178,024 Square Foot Renewal with Travelers Indemnity Company
NEW YORK -- May 20, 2013
After reporting robust office leasing in the first quarter of 2013, SL Green
Realty Corp. (NYSE: SLG) announced today that leasing velocity has continued
with strong momentum in the second quarter.
Highlighted by the recent 178,024 square foot renewal with The Travelers
Indemnity Company at 485 Lexington Avenue, the Company has signed 441,651
square feet of leases since April 1, 2013.
“Improved leasing velocity that started in the fourth quarter of 2012 has
continued forward through the second quarter of 2013,” noted Steven Durels,
Director of Leasing and Real Property for SL Green. He added, “We’re seeing
strong demand across all submarkets and all price points with a significant
number of tenant expansions.”
Other leasing highlights include:
*Blue Mountain Capital’s 49,541 square foot renewal and expansion at 280
*Promontory Financial Group’s 49,541 square foot renewal and expansion at
280 Park Avenue;
*Beth Israel Medical Center’s 35,113 square foot renewal at 555 West 57^th
*CVS’s new 21,159 square foot retail lease at 3 Columbus Circle.
Robert Ageloff of Jones Lang LaSalle acted on behalf of Travelers in its
renewal at 485 Lexington Avenue. The leasing team of Paul Glickman, Mitti
Liebersohn, Diana Biasotti and David Kleiner of Jones Lang LaSalle represented
Brad Siderow of the Siderow Organization and Al Camhi of RFR represented Blue
Mountain. The CBRE team of Mary Ann Tighe, Peter Turchin, Eric Deutsch, Sam
Seiler and Greg Rothkin represented the landlord on the both transactions at
280 Park Avenue.
Josh Kuriloff and Jodi Roberts of Cushman & Wakefield, Inc. represented Beth
Israel Medical Center at 555 West 57th Street while SL Green was represented
Jason Pruger of Newmark Grubb Knight Frank acted on behalf of CVS and Jeff
Winick, Kelly Gedinsky, Michael Gleicher and Lori Shabtai of The Winick Realty
Group represented the landlord at 3 Columbus Circle.
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 March 31, 2013, SL Green owned interests in 89 Manhattan
properties totaling 41.6 million square feet. This included ownership
interests in 25 million square feet of commercial properties and debt and
preferred equity investments secured by 13.8 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.
SL Green Realty Corp.
Steven Durels, Exec VP,
Director of Leasing and Real Property
Melanie Keenan, 212-843-8092
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