SL Green Signs Lease with Anchor Tenant at 635-641 Avenue of the Americas

  SL Green Signs Lease with Anchor Tenant at 635-641 Avenue of the Americas

          Infor More Than Doubles in Size to Over 92,000 Square Feet

Business Wire

NEW YORK -- November 13, 2013

SL Green Realty Corp (NYSE:SLG) today announced that Infor, a leading provider
of business application software serving more than 70,000 customers, has
signed a long-term expansion lease more than doubling its size at 635-641
Avenue of the Americas. Infor’s expansion of 49,246 square feet covers 47% of
the 635 building and increases its commitment at the combined buildings to
92,246 square feet.

“The market reaction to the revolutionary user experience we have built with
our Hook & Loop creative team in New York has been overwhelming,” said Charles
Phillips, CEO of Infor. “Just over a year after moving into our Manhattan
headquarters, the number of customer visits to our HQ is up 20 times over our
previous location in Alpharetta, and we are more than doubling our size to
accommodate significant growth in this area of our business.”

The buildings were originally constructed in 1902 as one of the great
department stores along the historic “Ladies Mile” and subsequently divided
and operated as two separate buildings. SL Green is currently performing a
comprehensive, building-wide redevelopment to re-combine the buildings. The
work includes a new enlarged lobby, relocation of elevator shafts, new
windows, restoration of historic façade and new storefronts, complete
replacement of infrastructure serving the 635 building, construction of a new
10,000 square foot glass penthouse with 15’ ceilings and surrounding terrace
together with a new rooftop deck with bocce court and landscaping available
for use as entertainment space by all building tenants.

“We were delighted to work with Infor to meet their expansion needs and are
very excited about the unique re-development of these beautiful buildings,”
said Steven Durels, SL Green’s Executive Vice President and Director of
Leasing and Real Property, who added “the building is a rare jewel within one
of Manhattan’s most desirable neighborhoods.”

635-641 Avenue of the Americas is located between 19^th and 20^th Streets in
Manhattan’s Midtown South submarket. The area is known for its large
concentration of Internet, technology and new media companies. Midtown South,
which is also known as “Silicon Alley”, is the tightest market of any Central
Business District in the nation.

Cushman and Wakefield, led by Bruce Mosler, Chairman of Global Brokerage, Mark
Mandell, Senior Director, Doron Etzioni and Ethan Silverstein, Director
represented Infor in the transaction, while Jones Lang LaSalle’s Paul
Glickman, Diana Biasotti, Benjamin Bass and Jonathan Fanuzzi represented SL
Green.

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 September 30, 2013, SL Green owned interests in 89 Manhattan
properties totaling 42.3 million square feet. This included ownership
interests in 23.9 million square feet of commercial properties and debt and
preferred equity investments secured by 14.9 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 three
development properties in the suburbs encompassing approximately 0.4 million
square feet. The Company also has ownership interests in 28 properties
totaling 3.7 million square feet in southern California.

Contact:

SL Green Realty Corp.
Steven Durels, Exec VP,
Director of Leasing and Real Property
-or-
Heidi Gillette
Director, Investor Relations
212-594-2700
or
Rubenstein Associates
Melanie Keenan, 212-843-8092
mkeenan@rubenstein.com
 
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