SL Green Realty Inks 64,000 Sq. Ft. Renewal with Omnicom at 220 East 42nd Street

Total Long Term Commitment Increased to 231,114 Sq. Ft.


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

property owner, today announced that Omnicom Group has signed a renewal

lease covering 64,111 square feet at 220 East 42nd Street, also known as

the “News Building”. The 15-year renewal for the entire ninth floor is

in addition to Omnicom’s recent renewal of 167,003 square feet announced

in January, and increases its total long term commitment to 231,114

square feet.

The News Building is a 37-story, 1.2 million square-foot landmark tower

located two blocks from Grand Central Terminal. Other prestigious

tenants include WPIX TV, Tribune Company, The United Nations and Martin

Clearwater & Bell.

“We are honored to once again work with Omnicom and their real estate

representative with whom we have completed numerous transactions over

the years,” said Steven Durels, Director of Leasing and Real Property

for SL Green.

Lee Feld of Feld Real Estate LLC represented Omnicom in the transaction,

while SL Green acted on its own behalf.

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 March 31, 2016, the

Company held interests in 121 Manhattan buildings totaling 47.7 million

square feet. This included ownership interests in 29.9 million square

feet of commercial buildings and debt and preferred equity investments

secured by 17.8 million square feet of buildings. In addition, the

Company held ownership interests in 31 suburban buildings totaling 4.9

million square feet in Brooklyn, Long Island, Westchester County,

Connecticut and New Jersey.


Steven Durels, Exec VP,
Director of Leasing and Real Property

Green Realty Corp.
(212) 216-1617

Source: SL Green Realty Corp.

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