New York, NY – April 23, 2009 – (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) announced today that First Wall Street Group LLC has signed a new15,945-square-foot seven-year lease covering the entire 20th floor at 100 Park Avenue, Grand Central’s completely redeveloped ‘Modern Classic’ soon to earn a Silver LEED certification.
Additionally Wells Fargo Trade Capital Services, which signed a 44,716-square-foot 10-year lease only two months ago at 100 Park, is expanding by a further 12,293 square feet on the second floor of the 825,851-square foot, 36-story building that was awarded BOMA’s “Best Renovated Building for 2007/2008.
“100 Park Avenue has emerged as one of the premiere buildings in the Grand Central area having just completed a $72 million redevelopment program that included award-winning architecture and an industry leading commitment to environmental sustainability,” said Steven Durels, Executive Vice President and Director of Leasing and Real Property for SL Green. “We are delighted to welcome First Wall Street Group and very pleased to have been able to accommodate Wells Fargo Trade Capital’s rapid expansion.”
Paul Glickman, Alex Chudnoff, Tara Stacom, Miti Liebersohn, Diana Biasotti, and Johnathan Tootell of Cushaman & Wakefield acted for SL Green in the transaction, while James Travers represented Wells Fargo Trade Capital Services. Larry Swiger represented SL Green in the First Wall Street Group LLC transaction.
Other tenants at 100 Park include BDO Seidman, J & W Seligman Co., Inc., Kreindler & Kreindler, and Novantas.
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.
