News: Brokerage

SL Green Realty Corp. signs four leases totaling 48,482 s/f at 110 East 42nd Street

SL Green Realty Corp. signed four leases totaling 48,482 s/f at 110 East 42nd St. These leases increase occupancy at the 18-story, 206,853 s/f office building to 100%. UK-based environmental consultancy SLR Acquisition Corp. expanded by 11,305 s/f upon signing a five-year lease amendment to occupy a portion of the 8th floor, bringing its total commitment to 17,901 s/f. TPR Education (d/b/a/ The Princeton Review), the test preparation and college admissions services company, signed a 10-year new lease for the building's entire 7th floor comprised of 20,966 s/f. Metro North Commuter Railroad Company signed a new seven-year lease covering 1,840 s/f. Morgan Lewis & Brockius LLP renewed for five years on the 9th floor in 14,371 s/f. Steven Durels, SL Green's executive vice president and director of leasing and real property, said, "110 East 42nd St. provides a unique combination of jewel box architecture and convenience with direct access into Grand Central Terminal," and added that, recent upgrades have been completed to corridors, bathrooms and windows with new elevator cabs soon to follow. Peter Trivelas of DTZ Americas, Inc. acted on behalf of The Princeton Review; Josh Kuriloff and Jodi Roberts of Cushman & Wakefield, Inc. represented Metro-North and Barbara Winter and Lisa Kiell of JLL represented Morgan Lewis & Brockius. SL Green's Howard Tenenbaum and Gary Rosen represented the landlord in all transactions. SL Green, one of New York City's largest office landlords, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, SL Green held interests in 95 Manhattan buildings totaling 45.1 million s/f. This included ownership interests in 28.4 million s/f of commercial buildings and debt and preferred equity investments secured by 16.7 million s/f of buildings. In addition to its Manhattan investments, SL Green held ownership interests in 35 suburban buildings totaling 5.9 million s/f in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey.
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