One Vanderbilt Gains Momentum as SL Green Signs DZ BANK and DVB Bank, Two of Germany’s Leading Financial Institutions

Occupying the Entire 26th

Floor, Interconnected German Banks Will Join TD Bank as Global Financial

Institutions at Iconic New York City Tower


SL Green Realty Corp. (NYSE:SLG), New York City’s largest commercial

landlord, today announced that two of Germany’s most notable financial

institutions, Deutsche Zentral-Genossenschaftsbank (“DZ BANK”) and DVB

Bank SE (“DVB Bank”) have signed new leases to locate their New York

offices at One Vanderbilt Avenue, the 58-story skyscraper currently

being constructed next to Grand Central Terminal. Each tenant signed

separate, 15-year leases which in combination cover the entire 26th

floor of 35,382 square feet. DZ BANK and DVB will join TD Bank, which

has signed on to anchor approximately 200,000 square feet of space in

One Vanderbilt. Signed three years before opening, these leases build on

One Vanderbilt’s momentum and further solidify its status as the premier

new office destination in New York for leading companies from around the


“With construction progressing quickly and tenant interest continuing to

intensify, there is tangible momentum behind the rise of this

game-changing office building. We are delighted to welcome global

industry leaders, DZ BANK and DVB Bank to One Vanderbilt,” said Steven

Durels, SL Green Director of Leasing and Real Property.

Ralf Weingartner, General Manager of DZ BANK New York branch said,

“We are proud to move into the most modern building in Midtown

Manhattan, where we are continuing our excellent relationship with our

landlord, SL Green Realty. Both DZ BANK and DVB now have a

future-oriented setup that will be in the best interest of all employees

and secure a sustainable future for our businesses for years to come. We

have been located in New York City for decades and look forward to the

next 40 years in this most important financial center.”

One Vanderbilt construction is on schedule for completion in 2020. Since

SL Green broke ground on the 1,401 foot building in October 2016,

workers have poured 4,200 cubic yards of concrete into the building’s

foundation, which marked the largest single continuous pour in New York

City history. After foundation work was completed, steel erection began

in July 2017 and will utilize 25,000 tons of domestically-fabricated

structural steel. To date, over 1,500 tons of steel has been erected and

steel fabrication has been completed through the 39th floor.

Two tower cranes are now fully operational and the steel superstructure

is now rising above grade.

Designed by Kohn Pedersen Fox (KPF) Associates, One Vanderbilt will

anchor the modernization of the Midtown business district, encompassing

an entire city block, bounded by Madison and Vanderbilt Avenues to the

west and east, and East 43rd and East 42nd Streets to the north and

south. Expected to achieve both LEED Gold under version 4.0 and WELL

certification, the trophy tower will feature floor-to-ceiling slab

heights ranging from 14’6″ to 24′, column-free floor plates, stunning

360-degree views through floor-to-ceiling windows and best-in-class

infrastructure. It will provide tenants with a combination of amenities

unrivaled in New York City, including a 30,000-square-foot tenant-only

amenity floor with outdoor terrace. In partnership with celebrated Chef

Daniel Boulud, One Vanderbilt will offer a world-class 11,000

square-foot restaurant with private dining opportunities. Immediately

adjacent to the city’s most important transit hub, One Vanderbilt will

provide direct connection to the Grand Central Terminal transit network.

Evan Margolin, Lance Leighton and Brad Wolk of Savills-Studley

represented DZ and DVB Banks in the transaction.

About SL Green Realty Corp.

SL Green Realty Corp., an S&P 500 company and New York City’s largest

office landlord, is a fully integrated real estate investment trust, or

REIT, that is focused primarily on acquiring, managing and maximizing

value of Manhattan commercial properties. As of June 30, 2017, the

Company held interests in 119 Manhattan buildings totaling 47.4 million

square feet. This included ownership interests in 27.5 million square

feet of Manhattan buildings and debt and preferred equity investments

secured by 19.9 million square feet of buildings. In addition, the

Company held ownership interests in 29 suburban buildings totaling 4.6

million square feet in Brooklyn, 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 or

contact Investor Relations at (212) 594-2700.

About DZ BANK and DVB Bank SE

DZ BANK is the second largest bank in Germany by asset size and the

central institution for more than 1,000 co-operative banks and their

12,000 branch offices. DZ BANK is headquartered in Frankfurt, Germany,

and maintains branches, subsidiaries and representative offices in key

financial centers and economic regions worldwide. DVB Bank SE is a

subsidiary of DZ BANK, specializing in international transportation



SL Green Realty Corp.
Nicole Kolinsky, 646.263.1527

Source: SL Green Realty Corp.

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