Chicago Title Insurance signs for 30,035 s/f renewal at 711 Third Ave.

According to SL Green Realty Corp., Chicago Title Insurance Co. has signed a 10-year lease renewal covering 30,035 s/f on the fifth floor of 711 Third Ave. Chicago Title was established in 1847 and is one of the nation's largest title companies. "We are pleased that Chicago Title has elected to remain with us for the long-term," said Steven Durels, executive vice president and director of leasing and real property for SL Green, who added that SL Green is in the midst of a $7 million capital improvement program at the building that includes lobby and elevator cab renovations, plus restoration of the Hans Hofmann mosaic mural which surrounds the elevator banks. "This is the third significant lease renewal this year at 711 Third Ave., the other two were Crain Communications, Inc. for 98,618 s/f and Parade Publications, Inc. for 89,413 s/f," said Durels. The 20-story class A 550,000 s/f tower is located near Grand Central Terminal. Other tenants in the building include Omnicom, Newport News, and Ricoh Corp. Bo Hoban of Orion Realty Group and Joseph Fabrizi of Cushman & Wakefield represented the tenant, while Larry Swiger acted in-house on behalf of SL Green in the transaction. 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 March 31, 2008, the Company owned 31 New York City office properties totaling approximately 24,389,200 square feet, making it New York's largest office landlord. In addition, SL Green holds investment interests in, among other things, nine retail properties encompassing approximately 400,212 square feet, one development property encompassing approximately 85,000 square feet and two land interests, along with ownership interests in 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.