News: Brokerage

SL Green Realty inks 26,255 s/f expansion lease with TD Bank

125 Park Avenue - Manhattan, NY

Manhattan, NY SL Green Realty Corp. has signed a new 26,255 s/f, 10-year lease with TD Bank covering the entire 8th floor. This expansion increases TD Bank’s total office occupancy at 125 Park Ave. to 130,057 s/f, bringing the office tower to 100% leased.

“As one of the fastest growing tenants within the SL Green portfolio, we are delighted to facilitate TD Bank’s on-going expansion at 125 Park Ave.,” said Steven Durels, executive vice president and director of leasing and real property at SL Green. “Achieving full building occupancy is further confirmation of the strength of the Park Ave. corridor and increasing tenant desires to be located near Grand Central Terminal.”

Located on Park Ave. and 42nd St., 125 Park Ave. is a Beaux Arts landmark building designed by the architects York and Sawyer in conjunction with John Sloan. The building’s architecture is defined by its modern exterior design, arches, and terra cotta façade.

TD Bank was represented by Robert Alexander, Ryan Alexander, Matthew Saker and Nicole Marshall of CBRE. The landlord was represented by Brian Waterman, David Falk, Pete Shimkin and Daniel Levine of Newmark.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,