U.S. Bank National Association Doubles in Size at SL Green's 461 Fifth Avenue

August 7th, 2008 at 11:53 AM

New York, NY - August 7, 2008

SL Green Realty Corp. announced today that U.S. Bank National Association has signed a nine-year lease expansion covering 11,231 square feet at 461 Fifth Avenue for a total commitment of 22,463 square feet.   Formerly known as Firstar Bank National Association, Cincinnati, Ohio-based US Bank National Association operates as a subsidiary of US Bancorp.

            "We were delighted to work with U.S. Bank National Association to accommodate their rapid expansion," said Steven M. Durels, Executive Vice President and Director of Leasing and Real Property for SL Green.  "U.S. Bank initially moved into the building last year when it leased the entire 7th floor."

            Situated directly across from the New York Public Library, the 26-story 461 Fifth Avenue won the 1995 BOMA award for excellence as the Operating Office Building of the Year.  The building is particularly popular with tenants in the financial industry.

Other prominent tenants in the building include Marathon Asset Management, American Capital Strategies, and Shenkman Capital.

            Michael N. Burlant of Cushman and Wakefield, Inc. represented the tenant, while Christopher Gulden acted for SL Green in-house.

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.

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Tags: 461 Fifth Avenue, Steven M. Durels, Christopher Gulden, Michael N. Burlant