Adzina Media Group Quadruples in Size at SL Green's 1350 Avenue of the Americas
May 5th, 2009 at 10:56 AM
Division of Amazon.com Relocates within SL Green's Portfolio
New York, NY - May 5, 2009 SL Green Realty Corp. (NYSE: SLG) today announced that Adzinia Media Group, LLC, a division of Amazon.com, has relocated and expanded within the SL Green portfolio of buildings to 1350 Avenue of the Americas.
The company signed a five-year lease covering 10,050 square feet on a portion of the 11th floor at the 35-story, 585,156-square-foot tower . Adzinia relocated from 2,400-square feet in SL Green's 420 Lexington Avenue where it had a lease through to 2013.
"One of the unique advantages for tenants within our buildings is our ability to provide growth opportunities throughout the entire 24 million-square-foot portfolio," said Steven Durels, SL Green Executive Vice President, Director of Leasing and Real Property who added that "this includes a wide selection of Midtown building locations and property types. That ability was instrumental in this transaction."
Green recently completed an extensive capital program at the building, which included new lobby and entrance, upgraded security and new common corridors. In addition to its prime Plaza District location and stunning Central Park views, the building has a co-gen electric plant, in-building movie theater for private screenings and new full-service restaurant with outdoor plaza seating.
Jack Petrie and Justin Halpern of Cresa Partners New York, LLC represented Adzinia in the transaction. Other tenants at the property include Harper and Collins Publishing; Rothstein, Kass & Co., and Highbridge Capital Management.
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.