SL Green Signs 21,965 sq. ft. Retail Lease for Medical Facility at 100 Church Street
May 18th, 2010 at 11:31 AM
The Farber Center for Radiation Oncology Will Occupy Building's
Entire West Broadway Retail Space
New York, NY - May 14, 2010 - SL Green Realty Corp. (NYSE: SLG) today announced that The Farber Center for Radiation Oncology has signed a new 20-year, 21,965-square-foot retail lease covering the ground, mezzanine, and part cellar floors of 100 Church Street.
SL Green recently acquired the 21-story 1.1 million-square-foot property located in Lower Manhattan. The building is being redeveloped through a capital program that includes new lobby, entrance, windows and bathrooms. The elevators and HVAC system were also recently upgraded.
This is the Farber Center's first Manhattan location. Led by Dr. Leonard A. Farber, MD, the cancer center treatment facility is designed for speed and convenience. It will cater to Downtown walk-in patients who, following treatment, may return to work immediately thereafter.
"We are delighted to welcome the Farber Center to 100 Church," said Steven Durels, Executive Vice President, Director of Leasing and Real Property for SL Green who added that "Farber will construct a state-of-the-art facility."
100 Church is uniquely located on the boarder of Tribeca and the downtown financial district with unusually convenient access to 10 major subway lines, the PATH to New Jersey and walking distance to the Staten Island Ferry. Current tenants include the City of New York Department of Law, Interactive Data Corp., Niche Media, and Regus.
Matthew Siegel and Joanne Podell of Cushman & Wakefield procured the tenant, while Ariel Schuster, Michael Worthman and Ross Berkowitz of RFK, represented the landlord.
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: Steven M. Durels, 100 Church Street, Dr. Leonard A. Farber, Matthew Siegel, Joanne Podell, Ariel Schuster, Michael Worthman, Ross Berkowitz