SL Green Announces Major Leasing Activity at 21 Penn Plaza
June 24th, 2010 at 11:53 AM
Expansions and Renewals for Amtrak, Extended Nursing Personnel and Amerigroup Total Nearly 50,000 Square Feet
New York, NY - June 24, 2010 -As an indicator that the leasing market could be accelerating and the economy improving, SL Green Realty Corp. (NYSE: SLG) today announced a number of expansions and renewals for three major tenants at 21 Penn Plaza, aka 360 West 31st Street, the fully renovated 17-story 371,037-square-foot tower on the far West side of Manhattan at West 31st Street and Ninth Avenue. The building is owned by GHG Realty Company, LLC and SL Green is the managing and leasing agent for the landlord.
Amtrak renewed its existing premises on a part of the fourth floor and expanded on a portion of the tenth, now occupying a total of 21,644 square feet. Amerigroup and Extended Nursing Personnel, each of whom occupy space elsewhere in the building, signed direct leases for a portion of the third floor-Amerigroup leased an additional 8,335-square-feet and Extended Nursing signed a 17,055-square-foot deal for ten years. In all, the three leases total 47,034 square feet. Following this flurry of leasing activity, only 23,896 square feet now remains available on the building's entire 12th floor.
"We are delighted to be able to accommodate our tenants' space requirements and recent growth," said Steven Durels, Executive Vice President, Director of Leasing and Real Property for SL Green.
"Amtrak has been with us for more than 20 years and now has nearly tripled in size at 21 Penn Plaza. Amerigroup, one of our anchor tenants which will now reside in contiguous space, and Extended Nursing Personnel will enjoy a direct long-term relationship with the landlord, as it was previously a subtenant."
Lisa Kiell of Jones Lang LaSalle represented Amtrak; Richard Hopen of Fischer Corporate Real Estate Services represented Amerigroup. Howard J. Tenenbaum and Gary M. Rosen represented SL Green in-house for all three transactions. Extended Nursing acted on its own behalf. Asking rent at the building is $38 per square foot.
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: 21 Penn Plaza, Steven M. Durels, Howard Tenenbaum, Gary Rosen, GHG Realty Company, LLC, Lisa Kiell, Richard Hopen