SL Green Realty Corp’s 470 Park Avenue South Becomes Home to Newest Chipotle Mexican Grill
February 27th, 2007 at 1:19 PM
New York, NY – February 27, 2007 – SL Green Realty Corp. (NYSE: SLG) today announced that it has completed a new fifteen year lease with Chipotle Mexican Grill of Colorado, LLC (NYSE:CMG)(NYSE: CMG.B) covering 5,478 square feet at 470 Park Avenue South.
Chipotle Mexican Grill is a wildly popular quick service restaurant offering high-quality ingredients served in a distinctive atmosphere. Chipotle operates more than 570 restaurants across the country.
“We’re very pleased to welcome an establishment of Chipotle’s appeal to 470 Park Avenue South,” commented Steven M. Durels, Executive Vice President, Director of Leasing. “When selecting this site Chipotle was clearly attracted to the architectural quality of our building together with its desirable location within the midtown south market which boasts some of Manhattan’s strongest consumer demographics.”
470 Park Avenue South is a 260,000 square foot building recognizable by its prominent neoclassical façade and famed “Silk Clock”, one of just three mechanical clocks in Manhattan.
Jeffrey Roseman and Kenneth Hockhauser of Newmark Knight Frank Retail represented the tenant in this transaction.
About SL Green Realty Corp.
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.