New York, NY – October 30, 2008 – (RealEstateRama) — SL Green Realty Corp. is pleased to announce that Ion Media Networks, Inc. has signed a new 10-year 25,954-square-foot lease covering the entire 31st floor and a portion of the 30th at 810 Seventh Avenue.
ION Media Networks, Inc. is a network television broadcasting company which owns and operates the largest broadcast television station group in the U.S. serving over 94 million homes through its television station group, as well as cable and satellite distribution.
“We are pleased that Ion Media has selected 810 Seventh Avenue for its headquarters location,” said Steven Durels, SL Green Executive Vice President and Director of Leasing and Real Property who added that SL Green recently launched an extensive capital improvement program at the 695,000-square-foot tower which includes a new lobby, elevator cabs, common corridors and bathrooms. These improvements are in addition to recent upgrades that include new storefronts and plaza.
“The ongoing redevelopment of this building takes advantage of its desirable Plaza area location, sweeping Central Park views and efficient floor plate featuring six corner offices.”
Among those comprising the tenant roster are Insight Communications; Hearst Communications/Metromedia Co.; Cingular; Oppenheimer & Co.; WWOR-TV; Diamondback Advisors; Hoplite Capital; and Longacre Fund Management.
Formerly based at 1330 Avenue of the Americas, Ion will expand by approximately 5,000 square feet with this relocation, moving into 810 Seventh Avenue early next summer.
David A. Falk and Daniel L. Levine of Newmark Knight Frank represented Ion, while SL Green’s Christopher Gulden acted on behalf of SL Green in the transaction.
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.
