New York, NY – January 6, 2008 – (RealEstateRama) – SL Green Realty Corp. (NYSE: SLG) today announced that Lighthouse Financial Group has expanded by 12,000 square feet and simultaneously extended its term for a total commitment of 17,000 square feet at 420 Lexington Avenue (aka the Graybar Building) the 30-story 1.2-million square foot property that towers above Grand Central Terminal at Lexington Avenue and East 45th Street.
Lighthouse Financial Group, LLC is a New York-based investment bank and institutional securities firm focused on providing products and services to institutional and private banking clientele.
“We were very pleased to have been able to accommodate the continued growth of Lighthouse Financial’s New York City headquarters,” said Steven Durels, Executive Vice President and Director of Leasing and Real Property for SL Green. “Lighthouse is a long-time tenant, which has grown from its initial 1,300 square feet leased in 2002.”
420 Lexington features a landmark quality lobby, new elevators and recently upgraded public corridors and bathrooms. Other large tenants include Metro North Commuter Railroad, Bank Leumi, New York Life Insurance Company, New Plan Excel Realty, and Russell Reynolds Associates.
SL Green’s Ashley M. Gee acted on behalf of both the landlord and Lighthouse Financial in transacting the lease renewal and expansion.
About Lighthouse Financial Group, LLC
Founded in 1999, Lighthouse Financial Group LLC became a subsidiary of Lighthouse Global Partners, LLC in 2005. By combining the financial expertise of a global trading firm and the fiscal innovation of a boutique investment bank, Lighthouse leverages its full-service platform and extends its services to institutions and investment professionals globally. Lighthouse Financial offers clients access to electronic execution and clearing services through Goldman Sachs Execution & Clearing, L.P and Penson Financial. Lighthouse Financial is a registered member of FINRA, MSRB and NFA and all accounts are insured by SIPC.
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.