SL Green Signs Diesel to Retail Lease at 625 Madison


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

property owner, today announced that Diesel, the upscale international

lifestyle retailer that produces an extensive collection of jeans,

clothing and accessories, has signed a 10-year lease for a new flagship

store at 625 Madison Ave. The transaction for the coveted ground floor

corner space at 59th Street brings the building’s retail occupancy to

100 percent.

The new store, with an anticipated opening this summer, will be the

second at an SL Green-owned building. The Italy-based retailer’s SoHo

location at 135 Spring Street was acquired by SL Green in 2013.

625 Madison Ave is a Class A building in New York City’s Plaza District,

home to many of the world’s biggest names in traditional luxury retail

along with today’s most dynamic, current brands. Diesel joins Fratelli

Rosetti, Neiman Marcus, Polo/Ralph Lauren, Stuart Weitzman and Philipp

Plein, among others, at its newest location.

Brett Herschenfeld, managing director of SL Green Retail, commented,

“This corner space in one of Manhattan’s premier retail corridors is the

perfect location for Diesel to continue its growth in New York City. The

transaction demonstrates our ability to use our portfolio’s scale to

expand existing relationships with valued tenants. It also underscores

the overall success of our retail investment program, which has

complemented our core office business with strong returns.”

SL Green was represented in the transaction by Jeff Roseman of Newmark

Grubb Knight Frank. Diesel was represented by Bob Gibson of Jones Lang


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:

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SL Green Realty Corp.
Andrew Mathias, 212-594-2700

Source: SL Green Realty Corp.

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