Oakley Sunglasses Sign New Lease at SL Green's 1515 Broadway
October 22nd, 2010 at 10:42 AM
Combination of New Leases with MTV Studio and Aeropostale Completes Retail Re-Positioning
New York, NY - October 22, 2010 - SL Green Realty Corp (NYSE: SLG) announced today that southern California-based Oakley has signed a new 1,815-square-foot lease to occupy the last remaining retail space at 1515 Broadway, the 54-story, 2+ million-square-foot tower located in the heart of Times Square.
Oakley is a leading sports and lifestyle manufacturer and distributor of high performance sunglasses, optical athletic brands, goggles, apparel, footwear and accessories.
Oakley joins MTV Studio, Billabong, Element, Best Buy Theater and Aeropostale's, newly opened 19,000-square-foot flagship store. This recent transaction completes SL Green's retail re-positioning plan, which included re-tenanting 100 percent of the building's retail tenant mix.
"We are excited to welcome Oakley to 1515 Broadway," said Steven Durels, Director of Leasing and Real Property for SL Green, "as they perfectly complement the property's existing mix of retailers, each of whom recognizes the unique energy and excitement of Times Square's 24/7 market."
David Rosenberg and Beth Rosen of Robert K. Futterman Associates LLC represented Oakley while Jeffrey Roseman of Newmark Knight Frank Retail with Kenneth Hochhauser and Marc Leber acted on behalf of SL Green. Attorneys in the transaction were Klio Moore Esq. of Opus Law Group for the tenant and Stewart Stern Esq. of Stern, Tannenbaum & Bell for SL Green.