SL Green Renews and Upsizes DeWitt Stern Group to 37,000 Sq. Ft. at 420 Lexington Avenue

November 3rd, 2010 at 4:06 PM

New York, NY - November 3, 2010 - SL Green Realty Corp. (NYSE:  SLG) announced today that DeWitt Stern Group, Inc., which has been a tenant at 420 Lexington Avenue for more than 30 years, has signed a new 16-year lease to renew and expand its office space at the 30-story tower, aka the Graybar Building.  

A privately-held insurance brokerage and risk management firm, DeWitt Stern will now occupy a total of 36,783 square feet on the 26th and 27th floors.  DeWitt was founded in 1899 and specializes in business, personal, fine art, entertainment and media, employment benefit and executive liability insurance. 

 "It's tremendously satisfying to work in partnership with a long-term tenant to assist in their growth plans," said Steven Durels, Executive Vice President and Director of Real Property for SL Green, who added that, "SL Green combined five separate suites and negotiated two smaller tenant relocations to accommodate DeWitt's growth requirement."

Eric Reimer and Chris Kraus of Jones Lang LaSalle acted on behalf the tenant in the transaction, while Larry Swiger represented SL Green in-house.  Attorneys were Noah Shapiro, Esq, Haynes & Boone LLP for SL Green and Bradley Kaufman, Esq., Pryor Cashman LLP, for DeWitt Stern Group.

 

Tags: 420 Lexington Avenue, Steven M. Durels, Lawrence A. Swiger, Noah Shapiro Esq., Eric Reimer, Chris Kraus, Bradley Kaufman, Esq.