SL Green signs leases totaling over 452,000 square feet

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NEW YORK, March 07, 2022 (GLOBE NEWSWIRE) — SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that it has signed 26 leases totaling 452,433 square feet in the first two months of 2022 alone.

Notable leases include:

  • A global information services company has signed a new 236,026 square foot 10-year corporate headquarters lease covering floors 9-14 at 100 Park Avenue. Robert Lowe, Gary Ceder, Nicholas Dysenchuk and Jon Herman of Cushman & Wakefield represented the tenant.
  • UN Women, a United Nations organization delivering programs, policies and standards that uphold women’s human rights, signed an 85,522 square foot 10-year renewal lease covering floors 17-20 at 220 East 42n/a Street, also known as the News Building. Jodi Pulice and Greg Smith of JRT Realty and Chris Helgesen of Cushman & Wakefield represented UN Women. Tara Stacom, Harry Blair, Barry Zeller, Justin Royce and Anthony LoPresti of Cushman & Wakefield represented the landlord for this lease and the lease at 100 Park Avenue.
  • Two new leases have been signed at 885 Third Avenue, also known as the Lipstick Building:
    • EC Mergers & Acquisitions, an independent, globally active investment bank specializing in mergers, acquisitions, corporate sales and divestitures, signed a 10-year lease on 13,884 square feet covering all 34and ground. Joseph Grotto of Cushman & Wakefield represented EuroConsult.
    • Aurora Health Network, LLC, a leading healthcare-focused investment firm that manages high-performance facilities across the United States, signed a 7-year, 13,884-square-foot lease covering all of 29and ground. John Cilmi and Harry Singer of Newmark represented the tenant. Brian Waterman, Scott Klau, Eric Harris, Cole Gendels and Zach Weil of Newmark represented the owner in both transactions.
  • Two new leases covering 16,395 square feet were signed at One Vanderbilt Avenue, bringing the property’s occupancy rate to 96.4%:

“We are delighted to welcome these new tenants to SL Green’s portfolio and extend our long-term relationship with UN Women,” said Steven Durels, Executive Vice President and Director of Leasing and Real Estate at SL Green. “Rental momentum maintained a healthy pace following a robust fourth quarter, with tenant demand focused on unlisted, serviced properties located near public transportation.”

About SL Green Realty Corp.

SL Green Realty Corp., Manhattan’s largest office owner, is a fully integrated real estate investment trust, or REIT, primarily focused on acquiring, managing and maximizing the value of commercial properties in Manhattan. As of December 31, 2021, SL Green held interests in 73 properties totaling 34.9 million square feet. This included interests in 26.9 million square feet of Manhattan properties and 7.1 million square feet securing debt and preferred stock investments.

Forward-looking statement

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The forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, which may cause our actual results, performance or achievements to differ materially from the results, performance or future achievements expressed or implied by the forward-looking statements we have made. 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 ongoing COVID-19 pandemic and the duration and impact that it will affect 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.

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