News: Spotlight Content

SL Green negotiates ten leases totaling 20,073 s/f; includes 3,906 s/f for Walek & Associates, Goldman of C&W assisted

SL Green Realty Corp. has recently negotiated 10 transactions totaling 20,073 s/f for tenants at various properties within its NYC portfolio. A combined list of renewals, new leases relocations, extensions and expansions are detailed below: *All Vision, LLC a subtenant, signed a new direct 2,679 s/f seven-year lease, to occupy a portion of the 19th floor of 420 West Lexington Ave.; Vladimir Spector of NAI Global New York City acted for the tenant. *Walek & Associates Inc., signed a 3,906 s/f, five-year renewal lease to occupy a portion of the 23rd floor at 317 Madison Ave.; Joshua Goldman of Cushman & Wakefield acted for the tenant. *Korea Investment & Securities Co., Ltd, Inc. signed a new 3,073 s/f lease for ten-years on a portion of 11th floor at 1350 Avenue of the Americas; Soon Rhee of First New York Realty Brokers LLC acted for the tenant and Howard Tenenbaum and Gary Rosen of SL Green represented the landlord in-house. *Greaves Travel LLC has signed a five-year lease renewal for 2,182 s/f on a portion of 11th floor at 317 Madison Ave. Josh Berger of Norman Bobrow & Co., represented the tenant. *American Indonesian Chamber of Commerce, Inc. renewed its 828 s/f, five-year lease on the 16th floor at 317 Madison Ave.; Alan Markowitz of RE Com Partners LLC, represented the tenant in the transaction. *Dreyfus Global Trade, LLC signed a new 1,855 s/f lease for two years at 521 Fifth Ave. on a portion of the 21st floor. David Turino represented SL Green in-house. *Ironwood Partners Management, LP signed a new 2,104 s/f lease for five years on a portion of 23rd floor at 420 Lexington Ave. *Joseph A. Romano P.C. signed a new 968 s/f five-year lease on a portion of the 16th floor at 420 Lexington Ave. Meghan Holzhauer acted in-house for SL Green. *Hossain Awini signed a 1,660 s/f lease modification and extension for Four-and-a-half years on a portion of the 19th floor at 215 Park Ave. South; Tenenbaum and Rosen acted on behalf of the landlord. *Rogers News, Inc. signed a new 818 s/f lease for ten years in the lobby of 1185 Avenue of the Americas; Tenenbaum and Rosen acted on behalf SL Green. 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 one of the only publicly held REIT that specializes in this niche. As of March 31, 2010, the Company owned interests in 30 New York City office properties totaling approximately 24,258,700 square feet, making it New York's largest office landlord. In addition, at March 31st, SL Green held investment interests in, among other things, eight retail properties encompassing approximately 374,812 s/f, three development properties encompassing approximately 399,800 s/f and two land interests, along with ownership interests in 31 suburban assets totaling 6,804,700 s/f in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.
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