Tenenbaum and Rosen of SL Green broker 44,995 s/f lease for NYU Hospital Center

673 First Avenue - New York, NY

Steven Durels

New York, NY SL Green Realty Corp. has completed a lease with NYU Hospitals Center which has signed a new 13-year lease for an additional 44,995 s/f at 673 First Ave. bringing its total occupancy at the midtown east office building to 159,631 s/f.

In June this year, NYU Hospitals Center also expanded its offices at the building by 48,896 s/f.

NYU Hospitals Center together with New York Presbyterian Hospital now occupies over 392,000 s/f of 673 First Ave., which has become a central hub for New York's leaders in the medical community.

Commenting on the agreement, Steven Durels, executive vice president and director of leasing and real property for SL Green, said, "NYU Hospitals Center is a valued long-term tenant. Once NYU Hospital expressed a need for additional space we were able to structure the recapture of a full floor from another tenant with six years of remaining term and unlock significant rental value. Overall the transaction was a win-win for everyone."

Located on the northwest corner of 38th St. and First Ave., 673 First Ave. is a 12-story building containing 425,000 rentable s/f.

Howard Tenenbaum and Gary Rosen of SL Green represented the tenant. SL Green is a self administered and self managed real estate investment trust, or REIT.

About SL Green Realty Corp.

SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages Manhattan office properties. The Company is the only publicly held REIT that specializes in this niche. As of September 30, 2007, the Company owned 31 New York City office properties totaling approximately 22,353,200 square feet, making it New York's largest office landlord. In addition, SL Green holds investment interests in, among other things, retail properties (10) encompassing approximately 393,789 square feet, development property (one) encompassing approximately 85,000 square feet and land interests (two), along with ownership of 36 suburban assets totaling 7,867,500 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.

To be added to the Company's distribution list or to obtain the latest news releases and other Company information, please visit our website at www.slgreen.com or contact Investor Relations at 212-216-1601.