Prominent Trial Attorney Relocates to SL Green’s Newly Renovated 521 Fifth Avenue
August 19th, 2008 at 3:58 PM
New York, NY - August 18, 2008 - SL Green Realty Corp. announced today that the law firm O'Shea Partners LLP has signed a ten-year 6,580-square-foot lease to occupy the entire 25th floor at 521 Fifth Avenue. Sean O'Shea, a leading trial attorney specializing in both civil and criminal litigation, was recently ranked by Condé Nast as one of the top ten white collar attorneys in New York City.
"We are very pleased to welcome O'Shea Partners LLP to 521 Fifth Avenue," said Steven M. Durels, Executive Vice President and Director of Leasing and Real Property for SL Green who added that eight months ago SL Green announced completion of a $25 million capital improvement at the 39-story, 462,853-square-foot office tower located on Fifth Avenue at 43rd Street, and the building is currently 100% leased.
The property is one of several in the Grand Central area that SL Green is either in the process of, or has already, repositioned in order to enhance the value of its assets. A newly renovated lobby, storefront, elevator cabs, corridor and bathroom upgrades, together with improved infrastructure, were all part of the capital improvement program at 521 Fifth. Other tenants in the building include Starz Media, Inc, a programming production and distribution company; Hiscox, Inc., a UK reinsurance firm; and Sextant Search Partners, a leading executive search firm. Circuit City Stores, Inc. anchors the building's bi-level retail component.
Noel Flagg & E.N. Cutler of Newmark Knight Frank represented O'Shea Partners in the 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, 2008, the Company owned 30 New York City office properties totaling approximately 23,719,200 square feet, making it New York's largest office landlord. In addition, SL Green holds investment interests in, among other things, eight retail properties encompassing approximately 400,212 square feet, two development properties encompassing approximately 363,000 square feet and two land interests, along with ownership interests in 36 suburban assets totaling 7,867,500 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.
Tags: 521 Fifth Avenue, Steven M. Durels, Noel Flagg, E.N. Cutler