Everest Reinsurance Expands at SL Green's 461 Fifth Avenue
June 23rd, 2009 at 12:00 AM
Everest's Full Floor Expansion Brings Property to 100% Occupancy
New York, NY - June 23, 2009 - SL Green Realty Corp. (NYSE: SLG) today announced that Everest Reinsurance Company, a world leader in property and casualty reinsurance and insurance, has expanded by 6,933 square feet on the entire 20th floor bringing their total commitment within the building to 17,528 square feet. This transaction brings the building's occupancy to 100 percent.
"461 Fifth Avenue continues to attract upscale financial firms seeking high-end, column-free space with sweeping views of Bryant Park," said Steven Durels, SL Green Executive Vice President and Director of Leasing and Real Property who added that the space had recently been pre-built with features that include full glass front offices, custom lighting, full height solid core wood doors, stone flooring in the reception area, custom sheetrock ceiling accents and designer appliances."
Eric Deutsch of CB Richard Ellis represented Everest in the transaction, while Chris Gulden acted in-house for SL Green.
Kevin Helewa, Esq., Vice President & Associate General Counsel represented Everest in-house, while Joan Thompson, Esq. acted in-house for SL Green.
The tenant roster includes American Capital Strategies, Shenkman Capital Management and NTT DoCoMo.
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 March 31, 2009, the Company owned 29 New York City office properties totaling approximately 23,211,200 square feet, making it New York's largest office landlord. In addition, at March 31, 2009, SL Green held investment interests in, among other things, eight retail properties encompassing approximately 400,212 square feet, three development properties encompassing approximately 399,800 square feet and two land interests, along with ownership interests in 33 suburban assets totaling 6,986,500 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.
To be added to the Company's distribution list or to obtain the latest news releases and other Company information, please visit our website at http://www.slgreen.com/ or contact Investor Relations at 212-216-1601.
Tags: 461 Fifth Avenue, Steven M. Durels, Christopher Gulden, Joan Thompson