Modis, Inc. Commits to 21,677 Square Feet at SL Green's 521 Fifth Avenue

January 10th, 2011 at 4:09 PM

New York, NY - January 10, 2011 - SL Green Realty Corp. (NYSE:  SLG) announced today that Modis, Inc., an international staffing firm which specializes in the placement of information technology experts at Fortune 1000 companies, has signed a 10-year lease covering 21,677 square feet on the entire fourth floor of 521 Fifth Avenue.

"We are delighted to welcome Modis as the newest tenant to the building," said Steven Durels, Executive Vice President, Director of Leasing and Real Property for SL Green, who added that "following the 40-story building's recent $15 million redevelopment program, it is attracting a wide diversity of tenants seeking full floor prominence and Grand Central convenience."

The 371,601-square foot office building located at 43rd Street is also home to Alexander & James LLC, Nippon Life Insurance and Royal Healthcare.

Sloan Rhulen of CB Richard Ellis acted on behalf of Modis, while Amy Schustek represented SL Green in-house.

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: 521 Fifth Avenue, Steven M. Durels, Amy Schustek, Sloane Rhulen