News: Brokerage

SL Green Realty Corp. arranges 52,450 s/f lease for Pandora Media, Inc. at 125 Park Avenue

SL Green Realty Corp. revealed that popular personalized internet music provider Pandora Media, Inc. has signed a 10-year lease covering 52,450 s/f on the entire 19th and 20th floors of 125 Park Avenue, the 26-story, 572,705 s/f building located directly across from Grand Central Terminal. "We are delighted to welcome Pandora to the building," said Steven Durels, executive vice president and director of leasing and real property for SL Green, who added, "Pandora was attracted to the building because of its convenient location with immediate access to Grand Central Terminal and floors that have high slab heights and oversized windows." Other tenants in the building include Haworth, Canon Business Solutions, Emerge 212, and Newmark Grubb Knight Frank. CBRE's William Iacovelli and Ramsey Feher represented Pandora in the transaction, while Newmark Knight Frank's David Falk, Peter Shimkin, Daniel Levine and Brian Waterman acted on behalf of SL Green.
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