SL Green Signs Leases Totaling 191,000 Square Feet at 125 Park Avenue

Newmark Grubb Knight Frank Renews and Expands; TD Bank Signs New

Long-term Leases


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

property owner, today announced two major 15-year lease transactions

totaling approximately 191,000 square feet at 125 Park Avenue, the

26-story, 572,705-square-foot building located directly across from

Grand Central Terminal.

Newmark Grubb Knight Frank, a long-term tenant at 125 Park, has renewed

101,838 square feet of existing space and expanded by 31,377 square

feet. Continuing as the building’s largest tenant, Newmark now occupies

a total of 133,215 square feet.

In addition, Toronto, Canada based TD Bank signed a new 15-year lease

covering 51,707 square feet of office space together with a separate

lease covering 6,234 square feet of ground floor retail space for a new

bank branch. Recently TD Bank signed a long-term lease for approximately

200,000 square feet to become the office and retail anchor tenant at One

Vanderbilt Avenue where SL Green is proposing to construct a new,

state-of-the-art, 1.6 million square foot office tower.

“Leasing momentum has been exceedingly strong this year,” noted Steven

Durels, executive vice president, director of leasing and real property

for SL Green, who added, “125 Park is particularly active because of its

unrivaled convenience with immediate access to multiple transportation


Newmark’s Brian Waterman represented his firm in the Newmark transaction

and CBRE’s Robert Alexander, David Mauer-Hollander and Douglas Lehman

represented TD Bank.

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 September 30, 2014, SL Green held interests

in 96 Manhattan buildings totaling 44.1 million square feet. This

included ownership interests in 28.0 million square feet of commercial

buildings and debt and preferred equity investments secured by 16.1

million square feet of buildings. In addition to its Manhattan

investments, SL Green held ownership interests in 35 suburban buildings

totaling 5.9 million square feet in Brooklyn, Long Island, Westchester

County, Connecticut and New Jersey. For more information, please visit:


SL Green Realty Corp.
Steven Durels, Exec VP, 212-216-1617

of Leasing and Real Property
Rubenstein Associates

Keenan, 212-843-8092

Source: SL Green Realty Corp.

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