SL Green Announces 32,721 Sq. Ft. Lease Expansion with CBS Broadcasting at 555 West 57th Street
July 30th, 2007 at 9:39 AM
New York, NY – July 30, 2007 – SL Green Realty Corp. (NYSE: SLG) today announced that it completed a 10-year lease expansion agreement with CBS Broadcasting, Inc. at 555 West 57th Street in New York City. The newly acquired space increases CBS’ total commitment within the building to 286,037 square feet.
Commenting on the agreement, Steven Durels, Executive Vice President and Director of Leasing and Real Property for SL Green, said, “Our relationship with CBS at 555 West 57th street continues to be strengthened and we are delighted when we are able to accommodate this valued tenant as it expands its broadcast operations.”
Located at 57th Street at the corner of 11th Avenue, the 20-story property, containing 975,983 square feet, was built in 1973 and features river views from all floors and a parking garage at its base.In addition to CBS Broadcasting, Inc. the building is home to the offices of BMW, St. Lukes Roosevelt, and The City University of New York.
Scott Gottlieb and Michael Laginestra of CB Richard Ellis 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 Manhattan office properties. The Company is the only publicly held REIT that specializes in this niche. As of June 30, 2007, the Company owned 32 New York City office properties totaling approximately 22.5 million square feet, making it New York's largest office landlord. In addition, SL Green holds investment interests in Manhattan retail properties totaling approximately 284,000 square feet at nine properties, along with ownership of 33 suburban assets totaling 7.0 million square feet in Long Island, Westchester County, Connecticut and New Jersey.
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.