News America Grows for the Third Time at SL Green's 1185 Avenue of the Americas

October 26th, 2010 at 11:04 AM

Media Giant Now Occupies a Total of 165,000 Sq Ft on Six Floors

New York, NY - October 26, 2010 - SL Green Realty Corp (NYSE:SLG) today announced that News America Incorporated has leased an additional 26,792 square feet on the entire 24th floor of 1185 Avenue of the Americas.  This expansion increases News America's commitment at the building to 165,000 square feet and is the third expansion in less than three years.

            "It was a pleasure to once again work with News America," said Steve Durels, Executive Vice President, Director of Leasing and Real Property for SL Green, who added that "this expansion required a simultaneous buyout of an existing lease."

Other major tenants include King & Spalding, Hess Corporation, RSM McGladrey and the National Hockey League.

Situated between West 46th and 47th Streets, 1185 Avenue of the Americas recently completed a redevelopment program that included a new lobby, new elevator cabs, and the addition of lighting to dramatically illuminate the building façade.

CBRE's Kenneth Rapp represented News America, while Howard J. Tenenbaum and Gary M. Rosen acted on behalf of landlord SL Green.

Tags: 1185 Avenue of the Americas, Steven M. Durels, Howard Tenenbaum, Gary Rosen, Kenneth Rapp