SL Green Signs New and Expansion Leases Totaling 124,000 Square Feet At One Vanderbilt Avenue
June 07 2021 - 7:30AM
SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office
landlord, today announced the signing of three leases at One
Vanderbilt Avenue, the skyline-defining tower in the heart of East
Midtown, that brings the building to 89% leased. A new
97,652-square-foot, 15-year lease covering floors 63-66 was signed
with one tenant. TD Securities signed a 24,020-square-foot, 20-year
lease expansion covering a portion of the 11th floor, which
increases TD Securities’ commitment within the building to 142,892
square feet. Additionally, InTandem Capital Partners LLC and
Sagewind Capital LLC jointly signed a 2,163-square-foot, 7-year
lease expansion covering a portion of the 24th floor, which
increases their footprint within the building to 12,328 square
feet.
“We’re delighted to welcome our newest tenant and expand our
relationships with TD Securities, InTandem and Sagewind,” said
Steven Durels, Executive Vice President and Director of
Leasing and Real Property at SL Green. “One Vanderbilt
continues to attract companies seeking best-in-class office space,
location and amenities and is now on track to exceed our recently
revised year-end leasing projection of 90%.”
Major recent milestones for One Vanderbilt include the opening
of world-renowned chef Daniel Boulud’s new restaurant, Le Pavillon,
on May 19, 2021, which occupies 11,000 square feet on the second
floor, facing Grand Central with a striking view of the Chrysler
Building. In addition, One Vanderbilt’s observation deck, Summit
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, technology, 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, the highest level of sustainability
and healthy workplace environment together with direct connection
to Grand Central Terminal.
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.
Robert Alexander, Ryan Alexander, Emily Chabrier, 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.
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 actual results or
developments may differ materially, 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 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
Matt DiLibertoChief Financial Officer212.594.2700
SL Green Realty (NYSE:SLG)
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