SL Green Signs Two New Tenants at 461 Fifth Avenue
August 19th, 2008 at 3:55 PM
Tudor Investment Corporation and DellaCamera Capital Management Sign Lease Agreements Totaling 13,847 Square Feet
New York, NY - August 19, 2008 - SL Green Realty Corp. (NYSE: SLG) today announced it has completed lease agreements for two new tenants covering a total of 13,847 square feet at 461 Fifth Avenue, the 26-story tower directly across from the New York Public Library which won BOMA's Operating Office of the Year Award in 1995.
Tudor Investment Corporation signed a new 7,134-square-foot, four-year lease for the entire 14th floor. The Tudor Group, which consists of Tudor Investment Corporation and its affiliates, is involved in active trading, investing and research in the global equity, debt, currency and commodity markets.
DellaCamera Capital Management LLC signed a 6,713-square-foot, five-and-a- half year lease to occupy the entire 10th floor of 461 Fifth Avenue. DellaCamera is a domestic and offshore hedge fund, which focuses on investments in public and private secured debt, other alternative finance assets, distressed debt and trade claims, liquidations/reorganizations, equities, options, and derivatives among other securities.
"461 Fifth Avenue continues to attract high-profile financial tenants," said Steven M. Durels, Executive Vice President and Director of Leasing for SL Green. "These transactions included the simultaneous negotiation of an early lease cancellation covering both floors."The post modern building offers a stellar location just two blocks from Grand Central Terminal, column-free space in the tower floors and park views. The tenant roster includes U.S. Bank National Association, Marathon Asset Management, American Capital Strategies, Shenkman Capital Management, NTT DoCoMo and Everest Reinsurance.
Kenneth Ruderman of Studley represented Tudor Investment Corporation. Silvio Petrillo of CBRE brokered the transaction on behalf of DellaCamera, and Lawrence Swiger acted in-house for SL Green in both deals.
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: 461 Fifth Avenue, Steven M. Durels, Lawrence A. Swiger, Kenneth Ruderman, Silvio Petrillo