New York, NY – April 7, 2009 – (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) today announced that Ambassador Construction Company, Inc. has renewed its lease covering 13,784 square feet on the 12th floor of 317 Madison Avenue.
Ambassador is one of New York City’s leading interior construction companies providing pre-construction, general contracting and construction management services. This lease together with several other recent transactions has increased the building occupancy to 98 percent.
” Ambassador has been a long-term building tenant and we’re delighted that they have chosen to extend that relationship,” said Steven Durels, Executive Vice President and Director of Leasing and Real Property for SL Green.
Other tenants at the 23-story, 485,641-square-foot 317 Madison, located between East 42nd and 43red Streets only blocks from Grand Central Terminal, include TD Bank, Entertainment Software Board, Headway Corporate Resources, Inc. and New York Focus.
James E. Frederick of Colliers ABR, Inc. represented Ambassador in the transaction, while SL Green’s Elaine Anazagasty acted in-house on behalf of the landlord.
About SL Green Realty Corp.
SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages Manhattan office properties. The Company is the only publicly held REIT that specializes in this niche. As of June 30, 2008, the Company owned 30 New York City office properties totaling approximately 23,719,200 square feet, making it New York’s largest office landlord. In addition, SL Green holds investment interests in, among other things, eight retail properties encompassing approximately 400,212 square feet, two development properties encompassing approximately 363,000 square feet and two land interests, along with ownership interests in 36 suburban assets totaling 7,867,500 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.
