Global Sportswear Brand Will Relocate Originals Boutique to
Prime SoHo Location
NEW YORK–(BUSINESS WIRE)–
SL Green Realty Corp. (NYSE: SLG), an S&P 500 company and New York
City’s largest commercial property owner, today announced that Adidas
has signed a 10-year lease at 115 Spring Street, a prime location in one
of Manhattan’s strongest retail areas. The two-level 5,218 square foot
space will be the new home of the sportswear company’s Originals
boutique.
SL Green acquired the retail condominium at 115 Spring Street, between
Mercer and Greene streets, in 2014.
SL Green Managing Director Brett Herschenfeld commented, “We are proud
to welcome Adidas to our portfolio of world-class retail tenants. We
believe this lease further demonstrates the strength of the SoHo market
and its versatility in attracting all segments of retailers as a result
of its consistent growth in tourism and local demographics.”
RKF’s Jeremy Ezra represented the tenant in the transaction announced
today. SL Green was represented by Ariel Schuster and Ross Berkowitz,
also of RKF.
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, 2015, SL Green
held interests in 117 Manhattan buildings totaling 43.6 million square
feet. This included ownership interests in 29.0 million square feet of
commercial buildings and debt and preferred equity investments secured
by 14.6 million square feet of buildings. In addition to its Manhattan
investments, SL Green held ownership interests in 37 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/
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SLG- LEAS
View source version on businesswire.com: http://www.businesswire.com/news/home/20150722005692/en/
SL Green Realty Corp.
Andrew Mathias
President
-or-
Matt
DiLiberto
Chief Financial Officer
212.594.2700
Source: SL Green Realty Corp.
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