New York, NY – April 7, 2009 – (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) announced today that it has arranged a 40,759-square-foot sublease for Horizon Media, Inc., the nation’s largest independent media services company, at 330 Madison Avenue. BDO Seidmen LLP, one of the nation’s largest financial consulting and accounting firms, formerly occupied the space, before relocating to 121,441 square feet at SL Green’s 100 Park Avenue.
“This was a tremendous economic solution for Horizon Media,” said Howard Tenenbaum, Executive Vice President for SL Green, “providing them with fully furnished, upscale space to accommodate their on-going growth.”
SL Green’s Howard J. Tenenbaum and Gary M. Rosen brokered the transaction, representing both Horizon and SL Green. Horizon has already moved into the building, taking occupancy of the entire 10th floor.
About Horizon Media, Inc.
Founded in 1989 and headquartered in New York City, Horizon Media, Inc., is dedicated to helping clients sell products and build brands through insightful marketing counsel, media-neutral strategic planning and effective negotiation and placement, Horizon’s approach to brand marketing and development has resulted in estimated billings of $1.85 billion and established the company as the fastest growing independent agency in the industry. The company also has offices in Los Angeles, San Diego and Amsterdam, and Netherlands.
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.
