SL Green Office Leasing Volume Exceeds 1.4 Million Square Feet in 2024
17 Julio 2024 - 3:05PM
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office
landlord, today announced that it signed leases totaling 420,513
square feet during the second quarter of 2024 and leases totaling
an additional 367,401 square feet in July to date. This increases
the total office leases signed year-to-date to 1,421,574 square
feet, while maintaining a pipeline of approximately 1.2 million
square feet.
Notable leases signed since the first quarter include:
- Ares Management, a leading global investment manager, signed a
15-year, 307,336 square foot lease covering floors 37-44 at 245
Park Avenue, which included a 175,587 square foot renewal and
131,749 square feet of expansion space. Chris Corrinet, Lewis
Miller, Michael Geohegan, Munish Viralam and Cara Chayet of CBRE
represented the tenant. Patrick Murphy, Bruce Mosler, Tara Stacom,
Harry Blair, Ron LoRusso, Justin Royce, Pierce Hance and Will
Yeatman of Cushman & Wakefield represented the landlord.
- Elliot Management Corp, one of the oldest fund managers with
over $65 billion in assets, signed a new 12-year, 149,437 square
foot lease at 280 Park Avenue. Neil Goldmacher, Chris Mongeluzzo
and Eric Zemachson of Newmark represented Elliot. Mary Ann Tighe,
Peter Turchin, Gregg Rothkin, Jason Pollen and Hannah Gerard of
CBRE represented the landlord.
- Tradeweb Markets LLC, a leading global operator of electronic
marketplaces for rates, credit, equities and money markets, signed
a new 15-year, 75,825 square foot lease covering floors 29 and 30
at 245 Park Avenue. David Kleiner, Michael Berg, Will McGarry and
Finley Burger of Jones Lang LaSalle represented Tradeweb. Patrick
Murphy, Bruce Mosler, Tara Stacom, Harry Blair, Ron LoRusso, Justin
Royce, Pierce Hance and Will Yeatman of Cushman Wakefield
represented the landlord.
- Golenbock Eiseman Assor Bell & Peskoe, a multi-practice law
firm, signed an 8-year, 38,050 square foot renewal lease covering
floors 16 and 17 at 711 Third Avenue. Rob Silver and Scott Brown of
Newmark represented the tenant.
- Brightwood Capital Advisors, a private-credit lender to small
and midsize businesses, signed a 10-year, 17,320 square foot
renewal lease covering the 26th floor at 810 Seventh Avenue. Jared
Horowitz of Newmark represented Brightwood.
“Leasing momentum has maintained a healthy pace throughout the
first half of the year with tenant demand focused on buildings that
have been upgraded, amenitized and are located near mass transit,
which is the hallmark of the SL Green portfolio,” said
Steven Durels, Executive Vice President and Director of
Leasing and Real Property at SL Green.
About SL Green Realty Corp.SL Green Realty
Corp., Manhattan's largest office landlord, is a fully integrated
real estate investment trust, or REIT, that is focused primarily on
acquiring, managing and maximizing the value of Manhattan
commercial properties. As of June 30, 2024, SL Green held interests
in 55 buildings totaling 31.8 million square feet. This included
ownership interests in 28.1 million square feet of Manhattan
buildings and 2.8 million square feet securing debt and preferred
equity investments.
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PRESS
CONTACTslgreen@berlinrosen.com
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