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, MA Investment Property Realty Group (IPRG) has closed the sale of 129 Jackson St., a multifamily building located in the Williamsburg section of the borough, for $2.15 million.
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