SL Green Inks 142,000 Square Feet of New Leases Within 30 Days
The United Nations Development Programme signed a 10-year, 42,931-square-foot lease covering the entire 20th, 21st, and 23rd floors of 220 East 42nd Street aka the News Building. Lockton Companies, the world's largest privately-held insurance brokerage firm headquartered in Kansas City, Missouri, signed a 15+-year lease covering 21,843 square feet on part of the 20th floor of 1185 Avenue Americas. Delcath Systems, Inc., a development stage specialty pharmaceutical and medical device company focused on oncology, doubled in size at 810 Seventh Avenue upon signing a 17,320-square-foot lease covering the entire 35th floor. Additionally a new lease with Godiva Chocolatier covering 42,290 square feet and an expansion by the MTA covering 17,503 square feet at 333 W. 34th Street, raises occupancy to 100% within the office portion of this newly redeveloped building.
"As 2010 nears an end, leasing velocity continues to accelerate," said Steven Durels, Executive Vice President, Director of Leasing and Real Property, SL Green Realty Corp, "as we continue to see tenants relocate to better quality space and expand office occupancy as their businesses improve."
Andy Roos of Colliers International acted on behalf of the United Nations Development Programme, while Larry Swiger acted in-house for SL Green.
Don Preate and Jaime Katcher of Cushman & Wakefield represented Lockton, while Howard J. Tenenbaum and Gary M. Rosen acted in-house on behalf of SL Green.
Jonathan Schindler and Aron Schreier of Cassidy Turley represented Delcath in the transaction, and Christopher Gulden acted in-house for SL Green
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.
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