SL Green Realty Corp. Welcomes Fashion Retailer BCBG Max Azria Group to 461 Fifth Avenue
February 27th, 2007 at 1:14 PM
New York, NY – February 27, 2007 – SL Green Realty Corp. (NYSE: SLG) today announced that it has completed a 10-year lease agreement at 461 Fifth Avenue in New York City with leading fashion retailer, BCBG Max Azria Group, Inc. (“BCBG”). BCBG will occupy 14,398 square feet on portions of the basement, ground and second floors. The new high profile store will be BCBG’s fifth Manhattan retail location.
Commenting on the agreement, Steven M. Durels, Executive Vice President and Director of Leasing for SL Green, said, “BCBG’s choice to locate its newest Manhattan store in this trophy midtown office tower underscores, not only the prominence of the building but also the growing appeal of Fifth Avenue below 42nd Street as an evolving retail location for prominent retailers such as H&M and Sean John. We’re very pleased BCBG selected 461 Fifth Avenue for their most recent expansion and we’re proud to add the company’s name to our roster of prestigious tenants at the building.”
Situated directly across from the famous New York Public Library 461 Fifth Avenue is an architecturally prominent, Class A office tower with 201,152 rentable square feet. Designed by Skidmore, Owings and Merrill, the 18-story office tower houses prominent tenants include leading investment advisors, Copper Arch Capital, LLC and Shenkman Capital Management, prominent Indian financial institution, ICI Securities, Inc., as well as Japan Airlines and the world’s leading communications company, NTT Docomo.
Edward T. Brock of GVA Williams Real Estate Company represented the tenant in this new agreement. Jeff Roseman of Newmark New Spectrum represented the landlord.
Company Profile
SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages a portfolio of Manhattan office properties. The Company is the only publicly held REIT that specializes exclusively in this niche. As of January 31, 2007, the Company owned 42 office properties totaling 25.0 million square feet. The Company’s retail space ownership totals 296,000 square feet at eight properties.
To be added to the Company’s distribution list or to obtain the latest news releases and other Company information, please visit our website at www.slgreen.com or contact Investor Relations at 212-216-1601.
Tags: 461 Fifth Avenue, Steven M. Durels, BCBG