SL Green Signs Kyndryl to 22,500 Square Foot Lease at One Vanderbilt
May 14 2021 - 7:30AM
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office
landlord, today announced that Kyndryl has signed a
22,531-square-foot, 9-year lease, covering a portion of the 15th
floor at One Vanderbilt Avenue for its new global headquarters. One
Vanderbilt, the recently opened skyline-defining tower in the heart
of East Midtown, is now 81% leased and remains on target to reach
90% leased by the end of this year.
Kyndryl is the independent company that will be created
following the separation of IBM’s Managed Infrastructure Services
business, which is expected to occur by the end of 2021. Kyndryl
designs, runs and manages the most modern, efficient and reliable
technology infrastructure for the world’s most important businesses
and organizations.
“We’re delighted to welcome Kyndryl to One Vanderbilt Avenue,”
said Steven Durels, Executive Vice President and Director
of Leasing and Real Property at SL Green. “They join a
rapidly expanding roster of industry leading companies that have
selected One Vanderbilt because of its best-in-class design,
healthy work environment, extensive suite of amenities and commuter
convenience.”
“At Kyndryl, we help our customers advance the vital systems
that power human progress, and we chose a global headquarters in
New York City because it exemplifies the vitality and energy of our
new company," said Kyndryl CEO Martin Schroeter.
“Our headquarters building reflects best-in-class sustainability
practices and we are excited to be part of the revitalization of
Midtown Manhattan.”
Patrick Murphy, Winston Schromm and Will Yeatman of Cushman
& Wakefield represented Kyndryl. Robert Alexander, Ryan
Alexander, Alex D’Amario and Emily Jones of CBRE represented the
landlord.
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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subject to a number of risks and uncertainties, many of which are
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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
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SLG - LEAS
Matt DiLibertoChief Financial Officer212.594.2700
SL Green Realty (NYSE:SLG)
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