New York, NY – April 22, 2008 – SL Green Realty Corp. announced today that the Omnicom Group has signed a lease renewal covering 55,078 square feet at 220 East 42nd Street. Omnicom is a global leader in advertising, marketing and communications.
The 37-story, 1,096,067-square-foot tower also known as “The News Building,” was made famous in the Superman television series in the 1950’s, and the landmarked lobby featuring a rotating globe continues to be a tourist attraction today. The building offers stunning river views and a prestigious tenant roster that includes Pfizer, Tribune Broadcasting, WPIX and Neuberger Berman.
“Omnicom is one of the world’s great companies and we’re delighted to extend our valued relationship with them,” noted Steven M. Durels, Executive Vice President and Director of Leasing and Real Property. Omnicom occupies almost 700,000 square feet throughout the SL Green Portfolio.
Lee Feld of Feld Real Estate exclusively represented Omnicom in the transaction.
About Omnicom Group
Omnicom Group (NYSE: OMC) is a strategic holding company that manages a portfolio of global market leaders. Our companies operate in the disciplines of advertising, marketing services, specialty communications, interactive/digital media and media buying services
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 December 31, 2007, the Company owned 32 New York City office properties totaling approximately 24,728,200 square feet, making it New York’s largest office landlord. In addition, SL Green holds investment interests in, among other things, retail properties (eight) encompassing approximately 353,939 square feet, development property (one) encompassing approximately 85,000 square feet and land interests (two), along with ownership of 36 suburban assets totaling 7,867,500 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.
