Con Edison Solutions Relocates Headquarters to the Summit in Valhalla, NY
October 19th, 2009 at 4:17 PM
The Summit, Owned by Reckson, a Division of SL Green Realty Corp.,
is One of Westchester's Premier Corporate Office Park
New York, NY - September 8, 2009 - ConEdison Solutions, one of the nation's leading energy services companies, has signed a long-term, 52,366-square-foot lease to relocate its headquarters to 100 Summit Lake Drive in Valhalla, New York.
The property, owned by Reckson, a Division of SL Green Realty Corp, is one of three Class A buildings that comprise The Summit - a 690,000-square-foot office complex.
When it moves to its new headquarters at the end of 2009, ConEdison Solutions will occupy the second and fourth floors in the four-story, 250,000-square-foot property set on 102 acres of beautifully landscaped grounds. The property is easily accessible by all forms of transportation due to its close proximity to White Plains, which is a major commuter transportation hub, as well as numerous highways.
"We are pleased to welcome such a prestigious tenant to The Summit," said John Barnes, Senior Vice President and Senior Director Reckson, a Division of SL Green Realty Corp., "and we are looking forward to a long, mutually beneficial relationship. We attract the highest-quality organizations to our properties here in Westchester County, by being the area's premier office owner/operator."
An architecturally distinct building, 100 Summit Lake Drive is a magnet for large corporate users. The transaction, one of the largest so far this year in Westchester, solidifies the Summit ‘s reputation as a premier office park in the region. The building underwent a massive $6 million capital improvement program, which included renovations to the four-story atrium, the elevator cabs, the fitness facility, the roof, and the restrooms, among other common areas.
Frank Tomasulo, Al Gutierrez and Ian Seppos of CB Richard Ellis are retained as agents by Reckson, a Division of SL Green Realty Corp. at The Summit. ConEdison Solutions represented themselves in this transaction.
About SL Green Realty Corp.
Reckson, acquired by SL Green Realty Corp. in 2007, is one of the leading owners and operators of suburban commercial real estate with approximately six million square feet of Class A commercial office space in its portfolio.
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.