Barnes of SL Green reports 3 office leases totaling 101,082 s/f

Reckson, a division of SL Green Realty Corp. has signed three suburban office portfolio leases totaling 101,082 s/f. The transaction was comprised of 4 separate leases (including one in Manhattan), in three locations for two different tenants, including a 67,145 s/f, headquarters lease signed by Xylem Inc. Space was made available at the building due to Reckson's ability to negotiate the relocation of a unit of Verizon from 1 International Dr. to 500 Summit Lake Drive in Valhalla, where it signed a 29,756 s/f lease. The final two transactions include Verizon's extension of an existing 4,181 s/f lease at 1 International Dr. along with an extension on 10,000 s/f at 120 West 45th St., also known as Tower 45, in Manhattan. "We are thrilled that Xylem is locating its headquarters at 1 International Dr. and joining our prominent roster of high quality tenants at the office park," said John Barnes, SVP and managing director of Reckson. "This was a very complicated transaction with many moving parts. The Reckson team was exceptionally creative in devising solutions that would accommodate both tenants in different suburban locations while collaborating with the SL Green NYC leasing team on Verizon's renewal at Tower 45."