SL Green Realty Corp. Signs 107,000 Square Feet of Leases to Start Q2 2020
April 23 2020 - 7:30AM
Business Wire
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office
landlord, today announced the Company has signed 12 leases totaling
107,325 square feet of office space in the first three weeks of Q2
2020. This includes 34,013 square feet at One Vanderbilt Avenue,
bringing the skyline-defining tower to more than 67 percent leased.
To date, the company has leased 423,479 square feet in 2020.
Notable Q2 leases include:
- InTandem Capital Partners and Sagewind Capital LLC, two private
equity firms, jointly signed a new lease covering 10,165 square
feet at One Vanderbilt Avenue across a portion of the 24th floor.
Lloyd Desatnick of Jones Lang LaSalle represented the tenants.
Robert Alexander, Ryan Alexander, Emily Jones and Alex D’Amario of
CBRE represented the landlord.
- Oak Hill Advisors expanded its lease by 23,848 square feet at
One Vanderbilt Avenue covering a portion of the 15th floor. This
increases the leading alternative investment firm’s commitment to
69,802 square feet across the 16th and 15th floors. Lance Korman,
Brian Waterman and Jared Horowitz from Newmark Knight Frank
represented Oak Hill Advisors. Robert Alexander, Ryan Alexander,
Emily Jones and Alex D’Amario of CBRE represented the
landlord.
- HQ Global Workplaces LLC, a leading provider of workplace
solutions, signed a renewal lease at 100 Park Avenue covering
27,825 square feet for the entire 16th floor.
- Sentry Center 810 Seventh LLC signed a renewal lease covering
23,362 square feet at 810 Seventh Avenue for the entire 23rd floor
and part of the 22nd floor.
“2020 leasing activity continues albeit at a slower pace in the
current environment,” said Steven Durels, Executive Vice
President and Director of Leasing and Real Property at SL
Green. He added, “Tenants are re-assessing per employee space
allocations with an eye toward de-densifying and providing more
space per employee.”
About SL Green Realty Corp.
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 March 31, 2020, SL Green held interests in 102 buildings
totaling 49.4 million square feet. This included ownership
interests in 28.8 million square feet of Manhattan buildings and
19.6 million square feet securing debt and preferred equity
investments.
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statements, other than statements of historical facts, included in
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that we expect, believe or anticipate will or may occur in the
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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 are described in our filings with the
Securities and Exchange Commission. These risks and uncertainties
include, but are not limited to, potential risks and uncertainties
relating to the novel coronavirus (COVID-19).
Source: SL Green Realty Corp.
SLG – LEAS
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version on businesswire.com: https://www.businesswire.com/news/home/20200423005400/en/
Investors: Matt DiLiberto Chief Financial Officer SL Green
Realty Corp. (212) 594-2700
SL Green Realty Corp. slgreen@berlinrosen.com 646.452.5637
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