Building Now 79% Leased
SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office
landlord, today announced three new leases at One Vanderbilt
Avenue, the recently opened skyline-defining tower in the heart of
East Midtown. MSD Partners, a leading investment adviser, has
signed a 35,567-square-foot, 15-year lease covering the entire 26th
floor. MSD Partners was formed in 2009 by the partners of MSD
Capital which exclusively manages the assets of Michael S. Dell and
his family. Mamoura Holdings (US), LLC has signed a 28,448 square
foot, 10-year lease covering the entire 51st floor. Mamoura
Holdings is wholly owned by Mubadala Investment Company, a
sovereign investor managing a diverse portfolio of assets in the
UAE and abroad. Additionally, Nearwater Management LLC, a specialty
finance company focused on providing asset-based financing
solutions, has signed a 17,289-square-foot, 7-year lease covering a
portion of the 33rd floor. One Vanderbilt Avenue is now 79% leased
with several more leases in the pipeline.
“The leasing velocity at One Vanderbilt demonstrates the
overwhelming demand by leading companies for highly amenitized,
new, state-of-the-art office construction that is centrally located
near mass transit,” said Steven Durels, Executive Vice President
and Director of Leasing and Real Property at SL Green. “We have
now signed 11 new leases at One Vanderbilt since the beginning of
the pandemic and anticipate leasing velocity to remain strong as
New York City’s revitalization continues, employees return to the
office and tenants continue to seek new or highly improved office
space to meet their future needs.”
Major upcoming milestones for One Vanderbilt include the opening
of world-renowned chef Daniel Boulud’s new restaurant, Le Pavillon,
on May 19, 2021, which will occupy 11,000 square feet on the second
floor, facing Grand Central with a striking view of the Chrysler
Building. Additionally, One Vanderbilt’s observation deck, Summit
at One Vanderbilt, is set to open this fall bringing visitors a
truly unmatched immersive experience and taking them to the highest
vantage point in Midtown Manhattan.
Standing 1,401 feet tall, One Vanderbilt is the new headquarters
for many of the world’s leading finance, banking, law and real
estate firms. The 1.7 million-square-foot skyscraper offers an
unparalleled combination of amenities, innovative office design,
state-of-the-art technology, best-in-class sustainability and
healthy workplace environment together with direct connection to
Grand Central Terminal.
Building tenants include TD Securities, a leading banking and
investment firm that provides a wide range of capital markets
products and services and TD Bank, America's Most Convenient Bank,
one of the ten largest banks in the U.S.; private equity firms The
Carlyle Group, KPS Capital Partners, Oak Hill Advisors, InTandem
Capital, SageWind Capital and Sentinel Capital Partners;
prestigious law firms Greenberg Traurig and McDermott Will &
Emery; global German financial firm DZ Bank; financial consulting
firm Accordion Partners; publicly traded real estate investment
trust MFA Financial Inc.; boutique real estate capital markets
advisor Hodges Ward Elliott; Walker & Dunlop, LLC, a premier
commercial real estate finance company; and SL Green Realty
Corp.
All building tenants are afforded access to an amenities package
unrivaled in New York City office buildings, including a
30,000-square-foot tenant-only amenity floor with large format
meeting spaces, club-style lounge, curated food offerings from
Daniel Boulud and an extraordinary, landscaped terrace which
overlooks Grand Central Terminal. Office floors feature
floor-to-ceiling slab heights ranging from 14.5 feet to 24 feet,
column-free floor plates, stunning 360-degree views through
floor-to-ceiling windows and best-in-class infrastructure.
Scott Panzer of Jones Lang LaSalle represented MSD Partners.
Justin Aronson of CBRE represented Mamoura Holdings. Alexander
Chudnoff and Kip Orban of Jones Lang LaSalle represented Nearwater
Management. Robert Alexander, Ryan Alexander, Emily Jones and Alex
D’Amario of CBRE represented the landlord in each transaction.
About SL Green Realty Corp.
SL Green Realty Corp., Manhattan's largest office landlord, is a
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, 2021, SL Green
held interests in 84 buildings totaling 37.8 million square feet.
This included ownership interests in 28.3 million square feet of
Manhattan buildings and 8.7 million square feet securing debt and
preferred equity investments.
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deemed to be “forward-looking statements” within the meaning of the
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statements, other than statements of historical facts, included in
this press release that address activities, events or developments
that we expect, believe or anticipate will or may occur in the
future, are forward-looking statements. Forward-looking statements
are not guarantees of future performance and actual results or
developments may differ materially, and we caution you not to place
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subject to a number of risks and uncertainties, many of which are
beyond our control, that may cause our actual results, performance
or achievements to be materially different from future results,
performance or achievements expressed or implied by forward-looking
statements made by us. Factors and risks to our business that could
cause actual results to differ from those contained in the
forward-looking statements include risks and uncertainties related
to the on-going COVID-19 pandemic and the duration and impact it
will have on our business and the industry as a whole and the other
risks and uncertainties described in our filings with the
Securities and Exchange Commission. Except to the extent required
by law, we undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of future events,
new information or otherwise.
SLG - LEAS
Source: SL Green Realty Corp.
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Matt DiLiberto Chief Financial Officer 212.594.2700
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