New York, NY – April 25, 2012 – SL Green Realty Corp. (NYSE: SLG) today announced that Random House, Inc. has signed a 361,044 square-foot lease renewal agreement at 1745 Broadway, extending its occupancy at the property through mid-2023. Random House will continue to occupy floors 2-13 for its corporate headquarters.
Random House, Inc., the U.S. division of Random House, the world’s largest print and trade book publisher and wholly-owned subsidiary of Bertelsmann AG, has been located at the property since the building was developed in 2003.
1745 Broadway is a 50-story building conveniently located between 55th and 56th Streets along New York’s most famous thoroughfare. Designed by Skidmore, Owings & Merrill, the building features state-of-the-art infrastructure, efficient column-free floorplates and sweeping river views and is LEED-EB certified.
Steven Durels, Executive Vice President and Director of Real Estate of SL Green, commented, “We’re delighted that Random House has chosen to remain at 1745 Broadway and we look forward to providing the firm’s office needs for years to come. This lease confirms the on-going strength in demand for quality midtown buildings from a wide range of businesses.”
Richard Bernstein from Cassidy Turley represented Random House while SL Green was represented in-house in the transaction.
About SL Green Realty Corp.
SL Green Realty Corp., New York City’s largest office landlord, is the only 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, 2012, SL Green owned interests in 70 Manhattan properties totaling more than 39.0 million square feet. This included ownership interests in 27.3 million square feet of commercial properties and debt and preferred equity investments secured by 11.7 million square feet of properties. In addition to its Manhattan investments, SL Green holds ownership interests in 32 suburban assets totaling 6.9 million square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey, along with four development properties in the suburbs encompassing approximately 0.5 million square feet.
EVP, Director of Leasing & Real Property
Director, Investor Relations