NEW YORK–(BUSINESS WIRE)–
SL Green Realty Corp. (NYSE: SLG) today announced that Swarovski North
America Ltd., the world-renowned Austrian designer of high quality
crystal, has signed an 11+ year lease covering 17,850 square feet at 10
East 53rd Street, the 354,046-square-foot trophy tower currently
undergoing a comprehensive $64 million redevelopment.
Swarovski’s new office premises will be situated on the entire 26th and
27th floors of the 37-story building, offering sweeping Central Park
views.
“Market reaction to the building’s redevelopment has been overwhelming
and we are thrilled to welcome such an internationally renowned, luxury
brand to our building,” said Steven Durels, Executive Vice President,
Director of Leasing and Real Property for SL Green who added, “This
lease follows the recently announced new lease with Equinox for a new
32,000-square-foot state-of-the-art fitness center.”
The building redevelopment work is nearing completion and includes a
spectacular new lobby and public space, new plazas, new windows,
re-colored façade, new bathrooms and extensive infrastructure upgrades.
Mark Mandell of Cushman & Wakefield represented Swarovski, while the
Jones Lang LaSalle team, comprised of Paul Glickman, Cynthia
Wasserberger, Alexander Chudnoff, Frank Doyle, Mitti Liebersohn and
Benjamin Bass, acted on behalf of SL Green.
About SL Green Realty Corp.
SL Green Realty Corp., 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 December 31, 2014, SL Green held interests
in 101 Manhattan buildings totaling 42.4 million square feet. This
included ownership interests in 28.0 million square feet of commercial
buildings and debt and preferred equity investments secured by 14.4
million square feet of buildings. In addition to its Manhattan
investments, SL Green held ownership interests in 36 suburban buildings
totaling 5.9 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
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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
SL Green Realty Corp.
Steven Durels, Exec VP, Director of Leasing
and Real Property, 212.216.1617
Source: SL Green Realty Corp.
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