SL Green Realty Corp Signs 240,000 Square Feet of Leases to Start 2020
March 02 2020 - 7:30AM
Business Wire
SL Green Realty Corp., Manhattan’s largest office landlord,
today announced the firm has signed 239,771 square feet of office
leases during the first two months of 2020 at a mark-to-market of
12.2% over the previous fully escalated rents on the same office
spaces.
Significant leases include:
- A renewal and expansion with Hudson Yards Construction LLC for
75,704-square-foot lease at 410 Tenth Avenue, for 25.0 years. The
lease renews the firm’s space on the entire eighth and partial
seventh floors in addition to expanding onto the balance of the
entire seventh floor.
- A new lease with Memorial Hospital for Cancer and Allied
Diseases, a nonprofit offering cancer treatment and biomedical
research education programs to physicians and scientists, for the
entire second floor at 485 Lexington Avenue covering 54,199 square
,feet for 10.0 years.
- A new lease with KCP Holdco, Inc. (Kenneth Cole), an
internationally-renowned fashion brand, for 37,169-square-feet at
707 Eleventh Avenue, for 10.0 years.
“Building off an incredibly active 2019, we’re pleased to
announce an impressive start to 2020,” said Steven Durels,
Executive Vice President and Director of Leasing and Real Property
at SL Green. “Leasing velocity remains strong across all market
segments and price points with continued tenant demand in the TAMI,
legal and financial services sectors.”
About SL Green
SL Green Realty Corp., an S&P 500 company and 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 December 31, 2019, SL Green held interests in 97 buildings
totaling 44.0 million square feet. This included ownership
interests in 26.5 million square feet of Manhattan buildings and
16.4 million square feet securing debt and preferred equity
investments.
SLG-LEAS
Source: SL Green Realty Corp.
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Press: BerlinRosen slgreen@berlinrosen.com
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