SL Green Expands Wells Fargo Trade Capital Services at 100 Park Avenue
May 19th, 2010 at 3:18 PM
New York, NY - May 17, 2010 - SL Green Realty Corp. (NYSE: SLG) today announced that Wells Fargo Trade Capital Services, Inc., a subsidiary of Wells Fargo Bank specializing in asset-based lending and factoring businesses, has expanded by 12,065-square feet on a portion of the second floor of 100 Park Avenue for a total commitment of 69,226 square feet."We were delighted to assist Wells Fargo Trade Capital in its rapid expansion requirement," said Steven Durels, Executive Vice president and Director of Real Property at SL Green.
James Travers and James Fish of Travers Realty Corp. represented Wells Fargo in the transaction, while Paul Glickman, Alex Chudnoff, Tara Stacom, Mitti Liebersohn, Diana Biasotti and Jonathan Tootell from Cushman & Wakefield acted on behalf of SL Green.
About Wells Fargo Trade Capital
Wells Fargo Trade Capital (formerly Wells Fargo Century) has been in the specialty finance business for more than a half-century. Founded as Century Business Credit, this once family-owned factoring company that extended credit to the garment industry has been a subsidiary of banking giant Wells Fargo since 1999 and is one of the largest factoring outfits in the US. It primarily serves manufacturers, wholesalers, and importers. In addition to factoring services such as accounts receivable financing, credit reporting, and collections, clients can turn to Wells Fargo Trade Capital for working capital, trade financing, and letters of credit.
About SL Green Realty Corp.
SL Green Realty Corp. is a self-administered and self-managed real estate investmenttrust, or REIT, that predominantly acquires, owns, repositions and manages Manhattanoffice properties. The Company is the only publicly held REIT that specializes in thisniche. As of March 31, 2010, the Company owned interests in 30 New York City officeproperties totaling approximately 24,258,700 square feet, making it New York's largestoffice landlord. In addition, at March 31, 2010, SL Green held investment interests in,among other things, eight retail properties encompassing approximately 374,812 squarefeet, three development properties encompassing approximately 399,800 square feet andtwo land interests, along with ownership interests in 31 suburban assets totaling6,804,700 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 andother Company information, please visit our website at http://www.slgreen.com/ or contactInvestor Relations at 212-216-1601.Tags: 100 Park Avenue, Steven M. Durels, Alexander Chudnoff, Tara Stacom, Diana Biasotti, Jonathan Tootell, Paul Glickman, Mitti Liebersohn, James Travers, James Fish