SL Green Earns Top Grade with CUNY in Brooklyn
October 25th, 2010 at 11:03 AM
New 27,000 Sq Ft Lease at SL Green's 16 Court Street
New York, NY - October 25, 2010 - SL Green Realty Corp. (NYSE: SLG) announced today that City University of New York (CUNY) has signed a new 26,676-square-foot lease at 16 Court Street, Brooklyn's tallest office tower.
"This commitment by CUNY is a meaningful endorsement of the building's recent redevelopment," said Steven Durels, Executive Vice President and Director of Real Property for SL Green who added that "the building is now 90% occupied."
Built in 1927, 16 Court Street recently completed a major $20 million redevelopment, which included a new lobby, elevators, corridors, façade restoration and windows together with HVAC and electric upgrades.
Other tenants at the building include the New York City of Transportation, the New York Times' Brooklyn Bureau, Marcus & Millichap, Hudson Valley Bank and the Kings County Democratic Committee.
Christopher Gulden represented SL Green in house, together with Christopher Havens of Creative Real Estate Group and Gary Kamenetsky of CBRE.
About SL Green Realty Corp.
SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages Manhattan office properties. The Company is the only publicly held REIT that specializes in this niche. As of September 30, 2010, the Company owned interests in 30 New York City office properties totaling approximately 22,324,460 square feet, making it New York's largest office landlord. In addition, at September 30, 2010, SL Green held investment interests in, among other things, eight retail properties encompassing approximately 366,312 square feet, three development properties encompassing approximately 399,800 square feet and two land interests, along with ownership interests in 31 suburban assets totaling 6,804,700 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 and other Company information, please visit our website at http://www.slgreen.com/ or contact Investor Relations at 212-216-1601.
Tags: 16 Court Street, Steven M. Durels, Christopher Gulden, Chris Havens, Gary Kamenetsky