New York Life Insurance Renews its 89,744 sq. ft. Lease at SL Green's 420 Lexington Avenue

February 25th, 2010 at 3:17 PM

New York, NY - February 24, 2010 - SL Green Realty Corp. (NYSE:  SLG) announced today that New York Life Insurance Company has renewed its 87,944-square-foot lease on part of the 14th and entire 15th floors at 420 Lexington Avenue, a/k/a/ The Graybar Building.

"We're delighted that New York Life has committed to remain with us for another ten years.  They're an exceptional organization whose relationship we greatly value," said Steven Durels, SL Green Executive Vice President, Director of Leasing and Real Property.

420 Lexington sits atop Grand Central Terminal and is the headquarters for SL Green Realty Corp.  Other major tenants include Bank Leumi USA, Metro-North Commuter Railroad Co., and New Plan Excel Realty. 

A. Mitti Liebersohn of Cushman & Wakefield represented the tenant in the transaction, while Steve Durels acted in-house on behalf of the landlord.

Russ Rabinovich Esq. of Kramer, Levin, Naftalis & Frankel LLP represented the tenant and Noah Shapiro of Paul, Hastings, Janofsky & Walker represented the landlord.

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 December 31, 2009, the Company owned interests in 29 New York City office properties totaling approximately 23,211,200 square feet, making it New York's largest office landlord. In addition, at December 31, 2009, SL Green held investment interests in, among other things, eight retail properties encompassing approximately 374,812 square feet, three development properties encompassing approximately 399,800 square feet and two land interests, along with ownership interests in 31 suburban assets totaling 6,804,700 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: 420 Lexington Avenue, Steven M. Durels, Mitti Liebersohn, Noah Shapiro, Russ Rabinovich Esq.