Insight Communications Renews at SL Green's 810 Seventh Avenue
April 28th, 2009 at 12:00 AM
New York, NY - April 28, 2009 - SL Green Realty Corp. (NYSE: SLG) announced today that long-time tenant Insight Communications has renewed its 34,640-square-foot lease for the entire 40th and 41st floors at 810 Seventh Avenue, a 41-story tower situated between West 52nd and 53rd Streets in Midtown Manhattan.
Insight, which renewed for a five year+ term, is a full-service telecommunications and cable company providing phone, high-speed Internet and video services to more than 70,000 customers in the Midwest.
"We are delighted that Insight has opted to remain in its New York City headquarters, where it has been based for over 10 years," said Steven Durels, Executive Vice President and Director of Leasing and Real Property for SL Green who added that the 695,000-square-foot property has just completed $13 million of capital improvements which include stunning new lobby, common corridors, bathrooms, elevator cabs, façade restoration and state-of-the-art security.
Patrick Heeg of Jones Lang LaSalle acted on behalf of Insight in the transaction, while SL Green's Christopher Gulden represented the landlord.
Other prominent tenants in the building include Ion Media Networks, Hoplite Capital Management, Diamond Back Advisors, Longacre Fund Management, Oppenheimer & Co., Cingular, and Hearst Communications.
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.