New York, NY – October 28, 2008 – (RealEstateRama) — SL Green Realty Corp. announced today that Wurk Environments,LLC, a provider of upscale professional work environments, has signed a 10-year lease covering 64,788 square feet at 1515 Broadway, the iconic 54-story, 2+ million-square-foot tower located in the center of Times Square.
Wurk provides impeccably crafted, state-of-the-art business environments for companies and professionals in need of dynamic office space solutions. Following the comprehensive build-out, Wurk Times Square will occupy the entire 11th and 12th floors in mid-December 2008.
“We are pleased that Wurk has selected 1515 Broadway for its national flagship,” said Steven Durels, SL Green Executive Vice President and Director of Leasing and Real Property, who added that SL Green recently commenced an extensive redevelopment of the building.
Features of the on-going capital improvement program include a complete lobby redesign with 5,000 square feet of custom art glass adorning the core walls; new elevator cabs; new common corridors and bathrooms; infrastructure improvements such as increased electric capacity; HVAC upgrades; emergency generator; and the addition of a new freight elevator.
“We’re very excited to be opening our flagship in one of the preeminent addresses in the heart of Times Square,” said Joseph DeTrano, Vice President of Sales and Business Development, of Wurk Environments. “With its central location, 1515 Broadway’s exclusive tenant base, premium cachet and new enhancements made it the clear choice to launch Wurk’s first professional environment.”
Adam Rappaport of Cushman & Wakefield represented Wurk Environments, LLC in the transaction, while David Kaufman of SL Green together with Frank Doyle, Cynthia Wasserberger, Edward DiTolla and David Kleiner of Jones Lang LaSalle, acted on behalf of the landlord.
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 September 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, at September 30, 2008, SL Green held 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.
To be added to the Company’s distribution list or to obtain the latest news releases and other Company information, please visit our website at http://www.slgreen.com/ or contact Investor Relations at 212-216-1601.
About Wurk Environments, LLC
Wurk Environments, LLC, a leading provider of innovative real estate solutions, specializes in premium, short-term flexible office space, conference and meeting rooms in addition to virtual office capabilities. Wurksites, located in prestigious metropolitan addresses and/or landmarked buildings in leading cities across the nation, are designed by world renowned architectural firms. Each site is distinctly unique, crafted to capture the vitality and personality of its surrounding neighborhood, and tastefully appointed with the latest FF&E. Serving Fortune 1000 companies, governmental agencies and discerning professionals, Wurk supports and augments each company’s growth and success via an array of business resources and state-of-the-art technologies. Additional information about Wurk is available at http://www.wurkusa.com/ and 212.660.3940.
