SL Green and The Moinian Group Sign Nordstrom as Retail Anchor at 3 Columbus Circle


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

property owner, and The Moinian Group, today announced they have signed

a 23-year, 43,000-square-foot lease with Nordstrom (NYSE:JWN), one of

the nation’s leading fashion specialty retailers, to anchor three levels

of retail space at 3 Columbus Circle.

The complex transaction involved a series of lease modifications and

relocations including the buyout of the corner bank branch in advance of

lease expiration, continuing SL Green’s strategy of replacing below

market leases throughout its portfolio. The new store will serve as an

expansion of the Nordstrom full-line flagship store, which is debuting

on West 57th Street.

Brett Herschenfeld, SL Green Managing Director, commented, “We are

thrilled that such a prestigious, world-class retailer will anchor 3

Columbus Circle at the corner of Broadway and 57th Street.

New Yorkers have waited a long time to welcome Nordstrom, a retailer

that flourishes throughout the United States and which will further

solidify Midtown Manhattan as the destination for high-end retail


Derek Trulson from Jones Lang LaSalle and Stephen Stephanou from Crown

Retail Services represented Nordstrom, while Jeff Winick from Winick

Realty Group acted on behalf of the landlord.

About SL Green Realty Corp.

SL Green Realty Corp., New York City’s largest office landlord and an

S&P 500 Company, 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 September 30, 2015, SL

Green held interests in 121 Manhattan buildings totaling 43.2 million

square feet. This included ownership interests in 30.6 million square

feet of commercial buildings and debt and preferred equity investments

secured by 12.6 million square feet of buildings. In addition to its

Manhattan investments, SL Green held ownership interests in 35 suburban

buildings totaling 5.3 million square feet in Brooklyn, Long Island,

Westchester County, Connecticut and New Jersey.

About Nordstrom

Nordstrom, Inc. is a leading fashion specialty retailer based in the

U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom

operates 323 stores in 39 states, including 121 full-line stores in the

United States, Canada and Puerto Rico; 194 Nordstrom Rack stores; two Jeffrey

boutiques; and one clearance store. Additionally, customers are served

online through,

and HauteLook.

The company also owns Trunk Club, a personalized clothing service

serving customers online at

and its five clubhouses. Nordstrom, Inc.’s common stock is publicly

traded on the NYSE under the symbol JWN.

About The Moinian Group

Founded by Joseph Moinian, The Moinian Group today owns and operates a

diversified portfolio of assets across the United States and is among

the only national real estate entities to develop, own and operate

properties across every asset category, including office, hotel, retail,

condos and rental apartments. The Moinian Group’s holdings include

high-profile assets in America’s leading cities, including New York,

Chicago, Dallas and Los Angeles. For the past three decades, The Moinian

Group has been a pioneer in the development of emerging areas of New

York City such as Downtown and West Side of Manhattan, developing

commercial, residential and mixed-use projects that combine luxury

living, modern office space and high quality retail. The Moinian Group

maintains a reputation for developing state-of-the-art, aesthetically

distinguished properties as the firm continues to strive for excellence.


Brett Herschenfeld
Managing Director
SL Green Realty Corp.

Nordstrom, Inc.

Source: SL Green Realty Corp

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