SL Green Realty Corp. secures 21,802 s/f for Infor at 635-641 Avenue of the Americas
According to SL Green Realty Corp. (SLG), Infor, one of the world's largest business software companies, has leased the penthouse duplex covering 21,802 s/f at 635-641 Ave. of the Americas. This most recent expansion by Infor increases their commitment at the building to 114,991 s/f.
The two-building complex located between 19th and 20th Sts. is currently being re-developed into a single combined property. Located in the borough's Midtown South submarket, the area is known for its concentration of Internet, technology, advertising and media companies.
"The office portion of the 271,000 s/f property is 100% leased months in advance of the scheduled completion date for the re-development work," said Steven Durels, SLG executive VP, director of leasing and real property. "The comprehensive re-development includes a new enlarged lobby, relocation of elevator shafts, new windows, new bathrooms, restoration of the historic façade, new storefronts, state-of-the-art infrastructure and a new rooftop tenant entertainment space with signature bocce court," said Durels.
Bruce Mosler, Mark Mandell, Doron Etzioni and Ethan Silverstein of Cushman & Wakefield represented Infor, while Paul Glickman, Mitti Liebersohn, Frank Doyle, Jonathan Fanuzzi and Diana Biasotti of Jones Lang LaSalle acted on behalf of SLG.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing