Perkins + Will Expands at 215 Park Avenue South
May 6th, 2009 at 9:29 AM
At 40,260 Sq Ft, Internationally Renowned Architects Become Anchor Tenant
New York, NY - May 5, 2009 - SL Green Realty Corp. (NYSE: SLG) announced today that Perkins + Will, internationally renowned commercial architectural design firm specializing in interior design, sustainable building design, branded environments, and urban design, has expanded at its New York City headquarters at 215 Park Avenue South.
Perkins + Will now occupies a total of 40,260 square feet at the 300,000-square-foot property, more than more than doubling in size. The firm was operating from 16,500 square feet on the 4th floor with an additional 7,260 on the 18th floor. It has now subleased an additional 16,500 square feet on the entire 6th floor from immigration attorneys Binder & Binder until 2015 (following which it will become a direct lease), and extended its 4th floor lease to become co-terminus with the expiration of the 6th floor.
We are pleased to have been able to accommodate such a prestigious tenant as Perkins + Will at 215 Park Avenue South," said Howard Tenenbaum, Executive Vice President for SL Green who added that the firm has been based at the building since 2006.
Steven Strati of Cushman & Wakefield acted on behalf of Binder & Binder in the transaction, while Howard Tenenbaum and Gary Rosen represented both the landlord, SL Green, and Perkins + Will.
Other tenants at the 20-story property built in 1914 and situated in the heart of Union Square at 18th Street include Houghton Mifflin Co., Kimball International, H&M and Criterion Collection.
About Perkins + Will
150 professionals work in Perkins + Will's integrated design practice in its New York office which was established in 1951. The office has recently expanded its strength in sustainable healthcare and education design with the addition of Guenther 5 Architects (2007) and in urban design and planning with the addition of SMWM (2008.) Perkins + Will has the highest number of U.S. Green Building Council LEED® Accredited Professionals in North America, with nearly half of the firm's professionals accredited.
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: 215 Park Avenue South, Howard Tenenbaum, Gary Rosen, Steve Strati