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Armani to Remain at 760 Madison through 2024
NEW YORK–(BUSINESS WIRE)–
SL Green Realty Corp. (NYSE:SLG), New York City’s largest commercial
property owner and an S&P 500 company, today announced a new lease
agreement with Giorgio Armani Corp. that will allow Armani to remain in
its flagship retail space at 760 Madison Avenue at rental rates
reflective of today’s market.
SL Green Managing Director, Brett Herschenfeld, said, “While we were
initially attracted to the development potential of 760 Madison Avenue,
our ability to work with Giorgio Armani to achieve immediate market
rental rates for an asset of this quality compelled us to enter into
this flagship lease opportunity.”
SL Green CEO, Marc Holliday, said, “Giorgio Armani represents the
epitome of fashion and we are thrilled to have executed a lease with
them at one of New York City’s most sought after retail spaces. We have
the utmost respect for Giorgio Armani and their executive team and are
pleased to retain them in the SL Green portfolio at one of our finest
retail assets.”
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 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. For more information,
please visit: https://slgreen.com/
Forward-looking Statement
This press release includes certain statements that may be deemed to
be ” forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995 and are intended to be covered
by the safe harbor provisions thereof. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that we expect, believe or
anticipate will or may occur in the future, are forward-looking
statements. Forward-looking statements are not guarantees of future
performance and we caution you not to place undue reliance on such
statements. Forward-looking statements are generally identifiable by the
use of the words ” may,” ” will,” ” should,” ” expect,” ” anticipate,” ”
estimate,” “believe,” ” intend,” ” project,” “continue,” or the negative
of these words, or other similar words or terms.
Forward-looking statements contained in this press release are
subject to a number of risks and uncertainties, many of which are beyond
our control, that may cause our actual results, performance or
achievements to be materially different from future results, performance
or achievements expressed or implied by forward-looking statements made
by us. Factors and risks to our business that could cause actual results
to differ from those contained in the forward-looking statements are
described in our filings with the Securities and Exchange Commission. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of future events, new information or
otherwise.
SLG-LEAS
View source version on businesswire.com: http://www.businesswire.com/news/home/20151207005410/en/
SL Green Realty Corp.
Andrew Mathias
President
212-594-2700
Or
Jeremy
Soffin
BerlinRosen Public Affairs
646-200-5318
Source: SL Green Realty Corp.
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