News: Brokerage

Durels, Tenenbaum, and Rosen rep SL Green Realty Corp. in-house for 72,080 s/f lease renewal with IMG Worldwide

SL Green Realty Corp. revealed that IMG Worldwide has renewed and expanded its lease commitment at 304 Park Avenue South covering a total of 72,080 s/f for 15 years. IMG Worldwide is a global sports, fashion and media business operating in more than 30 countries around the globe. IMG represents the world's top models, leading designers, elite athletes, coaches and industry executives. 304 Park Avenue South is a 210,000 s/f, 12-story property located directly across from Madison Square Park. The building is located in the heart of the midtown south market and features immediate proximity to mass transportation, 18,000 s/f floors and recent lobby and elevator upgrades which make it ideal for creative, high profile companies searching for space within one of the country's best sub-markets. "We're thrilled to have been able to satisfy IMG's growth requirement and we look forward to continuing their long term occupancy as the building's anchor tenant," said Steven Durels, executive vice president and director of leasing and real property for SL Green Realty Corp. CBRE's Michael Laginestra, Rocco Laginestra and Christopher Mansfield represented IMG in the transaction, while Durels, Howard Tenenbaum and Gary Rosen acted in-house on behalf of SL Green.
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