Viacom Renews Broadcast Studio at SL Green's 1515 Broadway
October 21st, 2010 at 10:56 AM
Global Entertainment Company Signs 7,619-Sq-Ft Lease for Studio Space on the Second Floor
New York, NY - October 21, 2010 - SL Green Realty Corp. (NYSE: SLG) announced today that Viacom International, Inc., the global entertainment company and anchor tenant at 1515 Broadway, has signed a 7,619-square-foot lease for broadcast studio space on a portion of the second floor of the 54-story, 2+ million-square-foot tower located in the heart of Times Square
"We are excited that Viacom will retain its broadcast studio at 1515 Broadway," said Steven Durels, SL Green Executive Vice President, Director of Leasing and Real Property, who added that Viacom will construct a new high-definition state-of-the-art studio, which will remain one of the most visible and exciting elements of Times Square.
Viacom renewed and extended its 1.3 million-square-foot global headquarters lease at the building only a year and a half ago--a transaction which represented the third largest lease ever signed in Midtown Manhattan.
A major $40 redevelopment has just been completed at 1515 Broadway, which includes a total lobby redesign featuring 5,000 square feet of custom art glass wrapping the core walls; new entrances; new common corridors and bathrooms.
CBRE's Michael Laginestra, Scott Gottlieb and Andrew Sussman represented Viacom in the transaction.
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.