SL Green Signs TD Securities to 171,000 Square Feet at One Vanderbilt Avenue and 125 Park Avenue
December 03 2018 - 7:30AM
Business Wire
119,000 Square Foot Lease at One Vanderbilt
Brings TD Bank’s Total Commitment to 312,000 Square Feet
TD Securities Also Leases 52,000 Square Feet at
Adjacent 125 Park Avenue
SL Green Realty Corp. (NYSE:SLG), New York City’s largest office
landlord, today announced that TD Securities, a leading investment
bank and financial services provider, signed leases totaling
171,322 square feet in two SL Green owned office buildings. TD
Securities will take 118,872 square feet on the entire 10th and
12th floors plus a portion of the 11th floor, joining its affiliate
TD Bank, which previously committed to 193,159 square-feet of
office space at One Vanderbilt Avenue. The cutting edge new office
tower has already reaffirmed the Grand Central office market as the
center of Manhattan and is set to change the New York City skyline
in 2020. With this transaction, the office portion of One
Vanderbilt is now 52 percent leased, nearly two years ahead of
construction completion. TD Securities will also take an additional
52,450 square feet of office space on floors 19 and 20 at SL
Green’s neighboring 125 Park Avenue.
“We’re delighted to welcome TD Securities to One Vanderbilt and
expand our relationship with TD Bank,” said Steven Durels,
Executive Vice President, Director of Leasing and Real Property for
SL Green who added, “Leasing velocity at One Vanderbilt has
been extraordinary this year as tenants begin to see the building’s
exceptional architectural design and experience its amazing ceiling
heights, column free floors and sweeping views.”
"Over the last decade, TD Securities has grown significantly in
the U.S., including in the New York region,” says Glenn Gibson,
Vice Chair, TD Securities. “Our new premises at One Vanderbilt
and 125 Park Avenue reflect our commitment to our clients,
colleagues and ongoing US growth strategy, and will also continue
to strengthen our alignment with TD Bank, AMCB.”
TD Securities joins a distinguished roster of industry leading
firms which have committed to One Vanderbilt Avenue including TD
Bank; global alternative asset manager, The Carlyle Group; one of
the nation’s largest law firms, Greenberg Traurig; leading
international law firm McDermott Will & Emery; residential REIT
MFA Financial; and global German financial firms DZ and DVB Banks.
Additionally, award-winning chef Daniel Boulud has partnered with
SL Green to create a premier restaurant experience in the
building.
Earlier this year, the American Institute of Architects (AIA)
recognized One Vanderbilt and its architecture firm, Kohn Pedersen
Fox (KPF) Associates, with the prestigious AIA NY Merit Award in
Urban Design. Encompassing an entire city block, the building is
bounded by Madison and Vanderbilt Avenues to the west and east, and
East 43rd and East 42nd Streets to the north and south. Expected to
achieve both LEED Gold under version 4.0 and WELL certification,
the trophy tower will feature floor-to-ceiling slab heights ranging
from 14'6" to 24', column-free floor plates, stunning 360-degree
views through floor-to-ceiling windows and best-in-class
infrastructure. Anchoring the modernization of East Midtown, One
Vanderbilt will provide tenants with a combination of amenities
unrivaled in New York City, including a 30,000-square-foot
tenant-only amenity floor with large format meeting spaces, club
style lounge and extraordinary outdoor terrace. Immediately
adjacent to Grand Central Terminal, the building will create direct
connections to the surrounding transit network. SL Green is
investing an unprecedented $220 million in private funds to upgrade
the transit system.
TD Securities was represented by the CBRE brokerage team of
Robert Alexander, Ryan Alexander, Doug Lehman and Christopher
Hogan.
About SL Green Realty
Corp.
SL Green Realty Corp., an S&P 500 company
and New York City'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 September 30, 2018, SL Green held interests in 106
Manhattan buildings totaling 46.4 million square feet. This
included ownership interests in 28.2 million square feet
of Manhattan buildings and 18.2 million square feet of
buildings securing debt and preferred equity investments. In
addition, SL Green held ownership interests in 15 suburban
buildings totaling 2.3 million square feet
in Brooklyn, Westchester County,
and Connecticut.
Forward-looking Statement
This press release includes certain statements that may be
deemed to be "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and are intended
to be covered by the safe harbor provisions thereof. All
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 we caution you not to
place undue reliance on such statements. Forward-looking statements
are generally identifiable by the use of the words "may," "will,"
"should," "expect," "anticipate," "estimate," "believe," "intend,"
"project," "continue," or the negative of these words, or other
similar words or terms.
Forward-looking statements contained in this press release are
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 are described in our filings with the
Securities and Exchange Commission. 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
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version on businesswire.com: https://www.businesswire.com/news/home/20181203005255/en/
Investors:Matt DiLibertoChief Financial OfficerSL Green Realty
Corp.(212) 594-2700
Press:BerlinRosenslgreen@berlinrosen.com646.452.5637
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