SL Green Inks 123,000 Square Foot Lease With the Travelers Insurance Company at 485 Lexington Avenue
09 Diciembre 2024 - 6:40AM
SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office
landlord, today announced that The Travelers Insurance Company has
executed a 122,788 square foot renewal at 485 Lexington Avenue. The
company will remain on a portion of the seventh floor and all of
the eighth and ninth floors for an additional 10 years. This
transaction increases SL Green’s office leases signed year to date
to 3,518,829 square feet while maintaining a pipeline of more than
900,000 square feet.
“We are proud to extend our valued relationship with The
Travelers Insurance Company,” said Steven Durels, Executive
Vice President and Director of Leasing and Real Property at SL
Green. “Midtown leasing momentum continues to be broad
based as it outperforms both the 5-year and 10-year averages.”
The Travelers Insurance Company was represented by Robert
Ageloff, Matt Astrachan and Kate Roush of Jones Lang LaSalle, and
the landlord was represented by Paul Glickman, Alex Chudnoff, Diana
Biasotti, Christine Colley, Kristen Morgan of Jones Lang
LaSalle.
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 September 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.
Forward Looking StatementThis press release
includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the Private
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other than statements of historical facts, included in this press
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including such matters as future capital expenditures, dividends
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development trends of the real estate industry and the New York
metropolitan area markets, occupancy, business strategies,
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are forward-looking statements. These forward-looking statements
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subject to a number of risks and uncertainties, many of which are
beyond our control, that may cause our actual results, performance
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statements, whether as a result of future events, new information
or otherwise.
PRESS CONTACTslgreen@berlinrosen.com
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