SL Green Signs 603,650 Sq. Ft. Lease Extension with Penguin Random House at 1745 Broadway


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

property owner, along with partner, Ivanhoé Cambridge, today announced

that leading international publisher, Penguin Random House, has signed a

15-year 603,650-square-foot lease extension through June 2033 covering

floors 2-19 and 21-23 at 1745 Broadway. This is an early renewal of

Penguin Random House’s lease, which was scheduled to expire in 2018.

Steven Durels, Executive Vice President and Director of Real Estate for

SL Green, commented that, “We and our partners at Ivanhoe Cambridge are

very pleased to have a high quality tenant like Penguin Random House

continue to anchor this premier asset.” He added that, “Leasing velocity

in Manhattan remains robust with strong demand from legal, TAMI,

financial service and healthcare tenants.”

Richard Bernstein of Cushman & Wakefield represented the tenant in this

transaction while SL Green represented the landlord in-house.

About SL Green Realty Corp.

SL Green Realty Corp., an S&P 500 company and New York City’s largest

commercial 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 June 30, 2016, the

Company held interests in 119 Manhattan buildings totaling 44.7 million

square feet. This included ownership interests in 28.0 million square

feet of commercial buildings and debt and preferred equity investments

secured by 16.7 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. To be added to the Company’s distribution

list or to obtain the latest news releases and other Company

information, please visit our website at or

contact Investor Relations at (212) 594-2700.

About Ivanhoé Cambridge

Ivanhoé Cambridge, a global real estate industry leader, invests in

high-quality properties and companies in select cities around the world.

It does so prudently with a long-term view to optimize risk-adjusted

returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a

vertically integrated business across Canada. Internationally, the

Company invests alongside key partners that are leaders in their

respective markets.

Through subsidiaries and partnerships, Ivanhoé Cambridge holds interests

in close to 500 properties, consisting primarily in office, retail,

residential and logistics real estate. Ivanhoé Cambridge held more than

Cdn$55 billion in assets as at June 30, 2016. The Company is a real

estate subsidiary of the Caisse de dépôt et placement du Québec (,

one of Canada’s leading institutional fund managers. For further


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“forward-looking statements” within the meaning of the Private

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statements, whether as a result of future events, new information or




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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