NEW YORK–(BUSINESS WIRE)–

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

LaSalle.

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: https://slgreen.com/

Forward-looking Statement

This press release includes certain statements that may be deemed to

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

Securities Litigation Reform Act of 1995 and are intended to be covered

by the safe harbor provisions thereof. All statements, other than

statements of historical facts, included in this press release that

address activities, events or developments that we expect, believe or

anticipate will or may occur in the future, are forward-looking

statements. Forward-looking statements are not guarantees of future

performance and we caution you not to place undue reliance on such

statements. Forward-looking statements are generally identifiable by the

use of the words “may,” “will,” “should,” “expect,” “anticipate,”

“estimate,” “believe,” “intend,” “project,” “continue,” or the negative

of these words, or other similar words or terms.

Forward-looking statements contained in this press release are

subject to a number of risks and uncertainties, many of which are beyond

our control, that may cause our actual results, performance or

achievements to be materially different from future results, performance

or achievements expressed or implied by forward-looking statements made

by us. Factors and risks to our business that could cause actual results

to differ from those contained in the forward-looking statements are

described in our filings with the Securities and Exchange Commission. We

undertake no obligation to publicly update or revise any forward-looking

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

otherwise.

SLG- LEAS

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

Source: SL Green Realty Corp.

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