SL Green Signs 1.2 Million Square Feet of Commercial Leases During 4th Quarter
2.3 Million Square Feet of Office Leases Signed Year to Date
Amazon Leases 335,000 square feet at
Other significant office leases include:
Family, Inc.signed a new 10-year lease covering 82,557 square feet on the entire 6th and 7th floors at 711 Third Avenue. The tenant was represented by David Sturner, Jessica Tenenbaumand Joseph Friedmanat MHP Real Estate Services.
Greenberg Traurig LLPsigned a 15-year lease covering 46,744 square feet at 420 Lexington Avenue. The lease includes a 9,848 square foot renewal on the 5th floor together with expansion space of 36,896 square feet on a portion of the 19th floor covering 35% of SL Green’s existing corporate headquarters space.
ITV US Holdingssigned a new 10-year lease covering 31,971 square feet on the entire 15th floor at 100 Park Avenue. The tenant was represented by Greg Taubinand Nick Farmakisof Savills. The landlord was represented by Tara Stacom, Barry Zeller, Justin Royce, Pierce Hanceand Connor Daugstrupof Cushman & Wakefield.
Wilk Auslander LLPsigned a new 10-year lease covering 24,396 square feet on a portion of the 29th floor at 825 Eighth Avenue, also known as Worldwide Plaza. The tenant was represented by Tim Dempseyand David Maurer-Hollaenderat CBRE.
Cardinia Real Estate LLC, a wholly owned subsidiary of Omnicom, signed a new 10-year lease covering 20,310 square feet on the entire 31st floor at 280 Park Avenue. The tenant was represented by Lee Feldof Feld Real Estateand Stephen Siegelof CBRE. The landlord was represented by Mary Ann Tighe, Peter Turchin, Gregg Rothkinand Jason Pollenof CBRE
McDermott Will & Emery LLPsigned its second 20-year expansion lease at One Vanderbilt Avenuecovering 15,860 square feet on a portion of the 44th floor. This expansion increases McDermott’s total commitment at One Vanderbilt to 146,642 square feet. The tenant was represented by Moshe Sukenikand Noel Flaggat Newmark Knight Frank.
Goldberg Segalla, LLPsigned a new 7-year lease covering 10,442 square feet on a portion of the 15th floor at 711 Third Avenue. The tenant was represented by Kyle Cimenelli at Newmark.
These leases are in addition to the previously announced leases signed during the 4th quarter with
Significant new retail leases include:
RAD Entertainment Group LLC, the prior operator of the Beacon Theater, signed a new 20-year, 39,436 square foot lease covering the ground and lower levels at 1515 Broadway. RAD will replace the current tenant Playstation Theater. The landlord was represented by Ariel Schuster, Ross Berkowitzand Jared Robinsof Newmark Knight Frank.
Walgreensentered into an agreement to vacate One Madisonand signed a new 10-year, 8,548 square foot lease covering portions of the ground and 2nd floors at 304 Park Avenue South. Walgreen’s was represented by Erin Graceand Michael Rileyof Jones Lang LaSalle.
“Leasing velocity has remained strong throughout the year with a notable uptick during the 4th quarter, during which we expect to sign over 1.3 million square feet of leases. A notable highlight of the year is the newly signed deal with
Angelo Gordon & Co., LPa leading investment firm signed a 10-year renewal and expansion lease covering 138,669 square feet on floors 23-26. The tenant was represented by David Falkand Peter Shimkinof Newmark Knight Frank.
Dos Caminos, a popular Mexican restaurant, signed a new 10-year lease covering 12,114 square feet on the ground and mezzanine floors. The tenant was represented by Lee Brockof Winick Realty Group.
Scott Young Golf signed a 15-year lease covering 4,255 square feet on the ground floor level.
Adam Weinblattof Newmark Knight Frank was co-broker for the landlord.
About SL Green
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