SL Green Inks Two New Full Floor Leases with Leading Hedge Funds at 810 Seventh Avenue
November 6th, 2007 at 2:28 PM
New York, NY – November 6, 2007 – SL Green Realty Corp. (NYSE: SLG) today announced that it has signed two new leases with leading hedge funds, Longacre Fund Management, LLC and Diamondback New York, LLC, at 810 Seventh Avenue. Each firm has taken an entire floor of 16,858 square feet at the midtown office tower.
Longacre Fund Management is an existing building tenant whose business is rapidly expanding. They will occupy the entire 33rd floor.
Diamondback is currently a tenant at SL Green’s 1 Landmark Square in Stamford, Connecticut. When they decided to expand into New York City it was natural that they turned to SL Green to assist with their space needs. Diamondback will occupy the entire 37th floor.
Commenting on the agreement, Steven Durels, Executive Vice President and Director of Leasing and Real Property for SL Green, said, “We’re always very pleased to be able to accommodate our existing tenants by meeting their growth needs, particularly when we can take advantage of the obvious synergies that exist within our portfolio, including with our properties outside of New York City. We look forward to continuing to build our relationship with Longacre Management at 810 Seventh Avenue just as we welcome another of our tenants, Diamondback Capital to its new Manhattan headquarters.”
With outstanding views over New York City and New Jersey, 810 Seventh Avenue is a 41-story, 748,023 square foot office tower centrally located in midtown Manhattan on 53rd Street surrounded by Times Square, Corporate Row and Central Park. The building’s location affords tenants ease of access to shopping and restaurants as well as all major public transportation lines and transportation hubs. Other prominent tenants include Hoplite Capital Management, Alson Capital Partners, Hearst Communications, The National Geographic Society and Practicing Law Institute.
Alexander Chudnoff of Cushman and Wakefield represented Longacre Management in its leasing transaction. Chris Mongeluzzo of Newmark & Company Real Estate, Inc. represented Diamondback Capital.
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 September 30, 2007, the Company owned 31 New York City office properties totaling approximately 22,353,200 square feet, making it New York’s largest office landlord. In addition, SL Green holds investment interests in, among other things, retail properties (10) encompassing approximately 393,789 square feet, development property (one) encompassing approximately 85,000 square feet and land interests (two), along with ownership of 36 suburban assets totaling 7,867,500 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.
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